Business
Acquisition
Roadside Real Estate PLC has entered into a binding agreement to acquire Gardner Retail Ltd for an estimated net consideration of £17.8 million, a move expected to be immediately accretive to earnings. The acquisition comprises six petrol station forecourts in Southwest England, which generated £33.9 million in revenue and £2.1 million in adjusted EBITDA for the twelve months ended July 31, 2025. Funding for the acquisition will be facilitated by an amendment to the company's existing Tarncourt Facility, increasing its maximum size to £35.0 million, with a total drawdown expected to be £26.6 million upon completion. The company also announced it will release its full-year results in January 2026. Disclaimer*
About this update from Roadside Real Estate Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. \n \n24 December 2025\nRoadside Real Estate PLC\n(\"Roadside\", the \"Company\" and the \"Group\")\n£17.8 million acquisition, Amendment to Tarncourt Facility & Notice of Results\nRoadside (AIM:ROAD) is pleased to announce that it has entered into a binding agreement (the \"Share Purchase Agreement\") for the acquisition of the entire issued share capital of Gardner Retail Ltd, together with its subsidiaries, (\"Gardner Retail\") for an estimated net consideration of £17.8 million (the \"Acquisition\").\nThe Gardner Retail portfolio comprises of six strategically located, premium-quality petrol station forecourts in Southwest England. The Board recognises significant opportunities to unlock additional value through further development of the sites to generate long-term cash flows. Furthermore, the Acquisition lays the foundation to grow the Company's market position in the petrol forecourt sector and will provide a scalable platform from which to pursue further consolidation opportunities.\nIn order to fund the net consideration payable, under the Share Purchase Agreement, the Company has agreed to amend the terms of the existing facility agreement with Tarncourt Properties Limited (\"Tarncourt\") in order to increase the maximum size of the facility available to the Company.\nA summary of the principal terms of the Acquisition and the Share Purchase Agreement is set out below.\nCharles Dickson, Chief Executive Officer commented:\n\"This transaction marks the start of a new chapter in the execution of our strategy to build a high-quality portfolio of modern roadside retail assets and is a significant step in enhancing our competitive positioning. Our highly experienced team and strong track record in realising value from real estate assets will play a key role in unlocking future value.\nWe are delighted to welcome the Gardner team to the Roadside family and we look forward to working with them to achiev...