NewRiver
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NewRiver co-founder dies
Colleagues mourn David Lockhart, who was chief executive of the retail and leisure REIT until 2018
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NewRiver sells stake in Sprucefield Retail Park
REIT will retain 10% of the asset, valued at £3.9m, and has been appointed as asset manager
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NewRiver’s Lockhart on lockdown disposals and buying shopping centres
Chief executive explains why he expects the REIT to be active in the market in the coming months
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NewRiver loss trebles on valuation hit
£121.1m annual loss down to fall in portfolio valuation exacerbated by impact of coronavirus
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NewRiver collects 60% of quarterly rents
REIT says 36% of its occupiers by gross income still trading as essential retailers during pandemic
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NewRiver REIT ringfences £120m for coronavirus impact
REIT has £75m of unrestricted cash balances and £45m of committed undrawn credit facilities
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NewRiver REIT halts projects and postpones Q4 dividend
REIT is suspending all “non-essential” projects during the coronavirus pandemic
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NewRiver acquires Dorset retail park
NewRiver REIT has acquired Landsec’s Poole Retail Park in Dorset through its Bravo joint venture.
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NewRiver and Bravo complete jv
The jv has also completed the £60.5m acquisition of four retail parks
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Rutherford joins NewRiver board
REIT appoints Colin Rutherford, audit committee chairman of Mitchells & Butlers, as non-exec.
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NewRiver looks to diversify as NAV drops
NewRiver REIT has posted declines in net asset value per share and portfolio value.
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NewRiver sells off 22 pubs
NewRiver REIT has sold 22 community pubs for £14.8m to a private equity investor