A refreshed refinanced Roadside is ready
“…We are an owner and an asset manager. We will continue to grow, continue to scale up and own as much as we can. We are doing it all basically…”
Roadside Real Estate’s transformation into a pure roadside estate asset manager is evidenced in the company’s interim update released in June just months after the company re-emerged onto the stock market with a refreshed ticker, refreshed strategy and refreshed coffers.
Clearly enunciated is Roadside’s disposal of legacy assets such as its treasured Barkby pub estate, and the long-term strategy apportioned to the unusual but cash giving, liquidity-event provider that is the Cambridge Sleep Sciences ‘CSS.’
The Board is evaluating the best route to maximising shareholder value in CSS. Not only is it worth ‘north of £45 million’ to Roadside, but it is after all a solution provider to one of the world’s biggest conundrums – that of a good night’s sleep. CSS claims to have a unique audio solution that helps retrain the brain to restore healthy natural sleep patterns.
Executive Chairman, Charles Dickson, is leading on the deployment of a £100 million joint venture fund that is targeting roadside locations that can host drive thrus, ‘Foodvenience,’ last mile logistics and convenience retail alongside EV charging capabilities.
As Dickson explains to Sarah Lowther in this video interview, there’s an opportunistic buying window for Roadside Real Estate due to lack of competition and the company’s access to capital which Charles is hopeful will yield “returns over the next two to three years, and very good returns.”
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The author was remunerated but does not hold shares in the company
