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joint venture between Roadside Real Estate PLC and a fund managed by Meadow Partners LLP has agreed to acquire 12 Lidl supermarket sites in the UK for £70 million. The deal will see the sites developed into new properties, although no further details on the plans have been disclosed.
The acquisition is part of a larger strategy to expand the joint venture's portfolio of commercial and residential properties across the country. With this purchase, the partnership aims to capitalize on the growing demand for retail and logistics space in key locations.
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