Insite Poster Properties, UK

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Investment Date
Q2 2005

Exit Date
TBC

Asset Type
Roadside billboards

Revcap strategy
Portfolio build up /
Niche investment category

Revcap Fund
Revcap I / SHCP III

Investment Type
JV Equity /
Platform Investment

Background and Opportunity

  • Consolidate the extremely fragmented ownership base of freehold roadside billboards in the UK
  • Create a long term income stream through leveraging strong relationships with billboard operators
  • Upgrade assets to modern formats including digital screens

Transaction Progress

  • Revcap partnered with the Insite management team to build up a portfolio of over 1,700 billboard panels through multiple acquisitions and developments executed across the UK

Current Status

  • Insite is the UK’s leading privately owned billboard landlord and investor
  • Assets have been actively managed to take the largely index-linked rent roll up to £13m p.a. with a WALT of over 15 years
  • Active digital upgrading programme is in progress

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