Roadside Real Estate, an AIM-listed vehicle that last year set up a joint venture with Meadow Partners, is in negotiations over a £100m pipeline of deals.
In results for the 15 months to 30 September 2023, the company posted a 4.2% drop in revenue to £100,000 and a loss of £10.2m.
Chairman Charles Dickson said: “Much of our immediate £100m target asset pipeline is under negotiation, and we have an exciting roster of prospective tenants keen to occupy our planned acquisition sites, which will feature a combination of drive-through, foodvenience, local logistics, trade counters and electric vehicle charging stations.”
He added: “By the end of the 2024 calendar year we expect to have deployed substantially all of the £100m capital allocation agreed with Meadow, rapidly assembling an institutional quality portfolio, increasing the company’s management and development fee earnings.”
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