GFSC Registration Change

RNS Number : 4597G

NewRiver Retail Limited

07 May 2014

 



NewRiver Retail Limited

("NewRiver" or the "Company")

Guernsey Financial Services Commission Registration Change

Upon an application by the Company, the Guernsey Financial Services Commission has agreed to revoke the declaration of the Company as a registered closed-ended collective investment scheme pursuant to The Registered Collective Investment Scheme Rules 2008 on the basis that it is a general commercial trading company and hence no longer has the attributes of a collective investment scheme.  To that effect, the Company will not be subject to the supervision of the Guernsey Financial Services Commission save in respect of any new offer documents which will need to comply with the Guernsey Prospectus Rules 2008.

There is no change to the Company's REIT status or to the admission of its shares to trading on the AIM market of the London Stock Exchange.

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For further information:

NewRiver Retail Limited David Lockhart, Chief Executive Mark Davies, Finance Director	Tel: [phone]
Bell Pottinger David Rydell/Guy Scarborough/Charlotte Offredi	Tel: [phone]
Liberum Capital Tim Graham/Simon Atkinson/Jamie Richards	Tel: [phone]

About NewRiver

NewRiver Retail Limited is an AIM listed REIT. The Company is a specialist real estate investor and asset manager focusing solely on UK retail with a particular focus on food and value retailing.

The management team, with over 100 years combined experience in the UK commercial property market, actively engages with retailers, stakeholders and consumers. NewRiver Retail is the UK's third largest shopping centre owner/manager by number with assets under management of approximately £600 million comprising 24 UK wide shopping centres, 17 high street assets, two supermarkets and a portfolio of 202 public houses principally suitable for conversion to alternative uses. The portfolio has in excess of 1,115 tenancies, a total of 4.6 million sq ft, total annual footfall of over 106 million and a retail occupancy rate of 94 per cent.

The Company's activities include active and entrepreneurial asset management and risk-controlled development, utilising both its own balance sheet and co-investment joint venture structures.

Founded in 2009, NewRiver has become the UK's leading retail-focused property investment business. The Company's shares were admitted to London's AIM in September of the same year. For more information on NewRiver, please visit www.nrr.co.uk

 

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