Penningtons Manches Cooper advises Cavendish Capital Markets on £20.75 million equity fundraising for Roadside Real Estate plc

The corporate team at Penningtons Manches Cooper has advised Cavendish Capital Markets as nominated adviser and sole bookrunner to Roadside Real Estate on a £20.75 million fundraising through a placing and subscription to fund Roadside’s acquisition of Gardner Retail, which operates premium petrol station forecourts across the South West of the UK.

Roadside is an AIM‑listed company that acquires, owns and operates multi‑fuel roadside destinations supported by place‑based retail infrastructure. It targets sites with strong potential to grow its convenience offering, typically combining drive‑thru/drive‑to formats, trade counters, convenience food, leisure, self‑storage, last‑mile logistics, petrol filling stations and ultra‑fast EV charging. Sustainability underpins its development and investment approach, with the company working closely with occupiers to deliver efficient, high‑quality and environmentally responsible assets.

The Penningtons Manches Cooper team was led by corporate partner, Seb Orton, with support from associate, Jenny Wright.

Seb Orton commented: “It’s a pleasure to work with Cavendish Capital Markets again, having partnered with them on several transactions in recent years.”