Disposal of Templars Square Shopping Centre

RNS Number : 9177G

NewRiver REIT PLC

01 April 2022

 

NewRiver REIT plc

("NewRiver" or the "Company" or the "Group")

Completion of the disposal of Templars Square Shopping Centre, Cowley for £38.8 million

NewRiver is pleased to announce the completion of the disposal of its Regeneration Shopping Centre in Cowley, Oxford, for gross proceeds of £38.8 million.

This follows the announcement on 22 December 2021 confirming the conditional exchange of contracts for the disposal.

 For further information

NewRiver REIT plc			[phone]
Allan Lockhart (Chief Executive) Will Hobman (Chief Financial Officer)
Lucy Mitchell (Communications & Investor Relations)

Finsbury				[phone]
Gordon Simpson James Thompson

About NewRiver

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing and developing resilient retail assets throughout the UK.

Our £0.7 billion portfolio covers 8 million sq ft and comprises 28 community shopping centres and 15 conveniently located retail parks. We have hand-picked our portfolio to focus on occupiers providing essential goods and services and to support the development of thriving communities across the UK, while deliberately avoiding structurally challenged sub-sectors such as department stores and mid-market fashion. Our objective is to own and manage the most resilient retail portfolio in the UK, focused on retail parks, core shopping centres, and regeneration opportunities in order to deliver stable income and capital growth to our investors.

NewRiver has a Premium Listing on the Main Market of the London Stock Exchange (ticker: NRR). Visit www.nrr.co.uk for further information.

LEI Number: 2138004GX1VAUMH66L31

 

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