NewRiver partners with Royal Mail to launch parcel lockers
Why we think this is good
The RNS announcement details a new partnership between NewRiver and Royal Mail to roll out parcel lockers across NewRiver's portfolio of shopping centres and retail parks. This is a positive development that is expected to provide a new convenient service for shoppers and help drive additional footfall and customer spend for retailers. No negative factors or concerns were identified in the RNS.
Key Points
- NewRiver announced as first company to partner with Royal Mail on new parcel locker network
- Lockers to be rolled out across more than 60 NewRiver shopping centres and retail parks
- Partnership expected to provide convenient service for shoppers and drive additional footfall and customer spend for retailers
- NewRiver to receive modest income from the partnership
Summary
NewRiver REIT plc has announced a partnership with Royal Mail to roll out parcel lockers across more than 60 of its shopping centres and retail parks in the UK. This new service is expected to provide a convenient option for local shoppers and help drive additional footfall and customer spend for retailers. The partnership will leverage NewRiver's expansive portfolio of 8.2 million sq ft, comprising 28 community shopping centres and 13 retail parks. According to the RNS, NewRiver will receive a modest income from the partnership.