Roadside and Meadow to acquire 12 stores from Lidl for £70m.

Roadside, an investor and developer of roadside real estate, and Meadow, a real estate investment manager, agreed to acquire 12 stores from Lidl, a supermarket, for £70m. "This is a significant transaction for both Lidl and the JV, deploying a substantial portion of our joint venture's targeted investment quantum into high-quality assets with a nationally recognised tenant under strong covenants. The Lidl portfolio is an excellent example of the JVs strategy in action, rapidly providing targeted capital to enable tenant expansion whilst securing asset management fees and creating additional opportunities for income initiatives," Charles Dickson, Roadside Executive Chairman.