Business
Interim results
Interim results.
About this update from Roadside Real Estate Plc
[{"type":"text","content":"\n \n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.\n \n \n \n \n \n \n \n \n \n Barkby Group PLC\n \n \n \n \n \n \n (\"Barkby,\" the \"Group\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Interim results\n \n \n \n \n \n \n \n \n \n \n \n Barkby announces its unaudited interim results for the 26 weeks ended 31 December 2022.\n \n \n \n \n \n \n Charles Dickson, Executive Chairman, commented:\n \n \n \n \"We have had a productive first half as we implement our plan to refocus the business on Roadside assets. Our development pipeline is progressing well and attracting high-quality nationwide tenants, underpinning reliable, long term income streams.\n \n \n \n \n \n \"At the same time, we have been active in sourcing a pipeline of attractive assets to fulfil our objective of creating a\n portfolio of modern, ESG compliant Roadside real estate investments. These efforts have been aided by\n the downward pressure on real estate valuations, expanding the array of exciting opportunities open to us.\n \n \n \n \n \n \"In the pub business, we have emerged from a challenging trading environment with a solid and robust business. We are now focused on managing the tight supply of experienced staff and enhancing the guest experience as we move into the busier spring and summer months.\n \n \n \n \n \n \"We continue to explore funding options to implement our strategy whilst managing our existing development activities and look ahead with optimism.\"\n \n \n \n \n \n \n \n \n \n OPERATIONAL HIGHLIGHTS\n \n \n \n \n \n \n \n Real Estate\n \n \n \n ·\n The Group's focus is to build and scale a high-quality, substantial portfolio of modern, ESG compliant Roadside real estate investments.\n \n \n ·\n Construction has progressed well at our commercial schemes at Wellingborough and Maldon.\n \n \n ·\n Wellingborough is scheduled to complete construction in April 2023 and it is our intention to hold the development on our balance sheet as an investment as we grow a high-quality commercial property po...