Deal would create a £900m retail portfolio
Offer values the mall owner at £147m and would create a combined £900m portfolio
Cash position of business provides “significant deployment optionality”, says boss Allan Lockhart
Tie-up to capitalise on “sea change” in retail-led and regeneration investment
Chief executive points to “steadily improving health” of underlying market
“Continued importance of the physical store is increasingly clear to best-in-class retailers”
NewRiver REIT wants to buy after occupancy across its portfolio rose to 98%.
“Significant growth opportunities” are available, says chief exec Lockhart
The retail park portfolio, which the jv bought for £60m in 2019, has sold for £76m
Latest results tell a familiar tale of falling capital values but solid rental returns
Company expects to offload remaining “work out” assets by end of FY24
Shopping centre and retail park specialist has given its Q3 trading update