Statement regarding Debenhams plc

RNS Number : 6563V

NewRiver REIT PLC

09 April 2019

 

NewRiver REIT plc

("NewRiver" or the "Company")

Statement regarding Debenhams plc

NewRiver notes the announcement this morning that administrators have been appointed to Debenhams plc ("Debenhams").

For the purposes of clarification, NewRiver confirms that its total rental exposure to Debenhams is £0.1 million, which represents less than 0.1% of the Company's gross rent roll. NewRiver has no Debenhams stores in its portfolio, and the rent payable relates to an entrance to the Debenhams store in Middlesbrough from the mall of Hillstreet Shopping Centre, which NewRiver owns.

The Company also confirms that this is the only rental exposure it has to department stores.  

For further information

NewRiver REIT plc			[phone]
Allan Lockhart (Chief Executive) Mark Davies (Chief Financial Officer)
Will Hobman (Head of Investor Relations & Strategy)

Finsbury				[phone]
Gordon Simpson James Thompson

About NewRiver

NewRiver REIT plc ('NewRiver') is a leading Real Estate Investment Trust specialising in buying, managing, developing and recycling convenience-led, community-focused retail and leisure assets throughout the UK.

Our £1.4 billion portfolio covers over 9 million sq ft and comprises 34 community shopping centres, 19 conveniently located retail parks and over 650 community pubs. Having hand-picked our assets since NewRiver was founded in 2009, we have deliberately focused on the fastest growing and most sustainable sub-sectors of the UK retail market, with grocery, convenience stores, value clothing, health & beauty and discounters forming the core of our retail portfolio. This focus, combined with our affordable rents and desirable locations, delivers sustainable and growing returns for our shareholders, while our active approach to asset management and in-built 1.8 million sq ft development pipeline provide further opportunities to extract value from our portfolio.

NewRiver has a Premium Listing on the Main Market of the London Stock Exchange (ticker: NRR) and is a constituent of the FTSE 250 and EPRA indices. Visit www.nrr.co.uk for further information.

LEI Number: 2138004GX1VAUMH66L31

 

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