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Roadside Real Estate PLC - Abingdon, England-based investor in roadside property such as petrol stations and convenience stores - Completes the acquisition of a group of 12 petrol stations and separately agrees the purchase of one more. Roadside Real Estate in April agreed to buy Hoch Group Ltd for £28.6 million. Hoch owns a portfolio of 12 petrol station forecourts and one standalone convenience store in Cumbria, north west England. Roadside Real Estate funds the acquisition with a new £25.0 million revolving credit facility from HSBC and a drawdown of its existing facility with Tarncourt. The HSBC facility has a starting margin of 2.6 percentage points above the sterling overnight index average and is drawn down by £12.5 million. Tarncourt facility is charged at 3 percentage points over the Bank of England base rate and is drawn down by £4 million. Roadside Real Estate also agrees to buy a petrol station on Ross Road in Huntley, Gloucester from Jets Trading Ltd. It will pay £2.9 million in cash, including the freehold on the property. The petrol station generated pretax profit of £373,000 in the financial year that ended June 2025. Current stock price: 59.95 pence, up 1.6% in London on Wednesday 12-month change: up 29% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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