Investment Date
Q2 2005
Exit Date
TBC
Asset Type
Roadside billboards
Revcap strategy
Portfolio build up /
Niche investment category
Revcap Fund
Revcap I / SHCP IV
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 £14.5m p.a. with a WALT of over 15 years
- Active digital upgrading programme is in progress
