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Roadside Real Estate Plc has announced the acquisition of the Ross Road Petrol Filling Station in Gloucester as part of its ongoing strategy to expand its roadside real estate portfolio. The transaction is valued at GBP 2.9 million and adds another operational roadside asset to the company's holdings. Roadside Real Estate focuses on acquiring and managing properties that benefit from vehicle traffic and essential roadside services. The latest purchase reflects continued activity in the roadside property segment, where fuel stations and convenience-led assets remain important components of investment portfolios.
Roadside Real Estate Plc has announced that it will acquire the Ross Road Petrol Filling Station in Gloucester in a deal valued at GBP 2.9 million.
The acquisition forms part of the company's efforts to strengthen its portfolio of roadside real estate assets. The Ross Road Petrol Filling Station is located in Gloucester and serves as a fuel retail and roadside service asset, a category that has continued to attract investor interest due to its stable demand and strategic locations.
The company disclosed that the transaction value for the acquisition stands at GBP 2.9 million. No additional financial or operational details regarding the deal were disclosed in the announcement.
Roadside Real Estate is known for investing in roadside and convenience-led real estate assets across the United Kingdom. The sector includes petrol filling stations, drive-through developments, electric vehicle charging locations and other properties that benefit from consistent vehicle traffic and accessibility.
The latest acquisition comes as investors and operators continue to focus on roadside assets that can support a mix of fuel, retail and convenience services. Such properties are increasingly viewed as long-term assets due to their strategic locations and recurring customer demand.
Source Reuters
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