NewRiver Completes Acquisition of Capital & Regional, Expanding Retail Portfolio
The prominent retailer has completed the acquisition of Capital & Regional, expanding its UK-wide portfolio of community shopping centres and retail parks.
The prominent retailer has completed the acquisition of Capital & Regional, expanding its UK-wide portfolio of community shopping centres and retail parks.
The retailer has announced the appointment of a new Non-Executive Chair.
The retail property specialist reported a 39% revenue surge and 25% growth in Underlying Funds From Operations, despite challenging market conditions. Strategic acquisitions are expected to drive future earnings growth.
The major retailer has completed the £58.8m disposal of its Abbey Centre shopping centre in Northern Ireland, with the proceeds to be used to reduce the company's debt levels.
The prominent retailer has announced it will report its full year results, with the acquisition of Capital & Regional expanding its portfolio to £2.5 billion in assets under management.
The retailer reports strong operational and leasing performance, with increased occupancy and consumer spend outperformance. The company also successfully integrated a major acquisition, putting it on track to deliver significant earnings growth.
The retailer's non-executive director has purchased a small number of shares in the company.
The retailer has partnered with Royal Mail to launch parcel lockers across its UK portfolio, providing a new convenient service for shoppers and driving additional footfall and customer spend.
The retailer has secured a new 15-year lease with Sainsbury's for a 48,100 sq ft unit in Dumfries, creating the first Sainsbury's store in the area and demonstrating strong demand for the company's retail park portfolio.
The retailer has completed a transformational acquisition and delivered strong trading, positioning it well for future growth.