RCS - NewRiver REIT plc - NewRiver partners with Royal Mail

Newriver ReitAnnouncement

06/03/2025 08:00

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RNS Number : 5222Z  NewRiver REIT PLC  06 March 2025

NewRiver REIT plc

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

 

NewRiver partners with Royal Mail to launch parcel lockers across its
portfolio

 

 ·             NewRiver announced as the first company to partner with Royal Mail on the
               rollout of its new parcel locker network
 ·             More than 60 shopping centres and retail parks across the UK owned or managed
               by NewRiver will host a locker within six months with initial lockers launched
               in Grays and Witham
 ·             Partnership will provide a new and convenient service for local shoppers and
               help drive additional footfall and customer spend

 

NewRiver has been announced as the first company to partner with Royal Mail on
the roll out of its new parcel locker network across NewRiver's portfolio of
shopping centres and retail parks.

 

Parcel lockers will be rolled out across more than 60 of NewRiver's shopping
centres and retail parks, including assets owned by NewRiver and assets
managed on behalf of third party owners through its capital partnership
business, allowing NewRiver to leverage its scale and market-leading platform.

 

The roll out has launched at two shopping centres owned by NewRiver in Essex -
Grays Shopping Centre in Grays and Newlands Shopping Centre in Witham - and is
expected to continue over the next six months.

 

Royal Mail is the largest parcel delivery company in the UK, and combining
with NewRiver's expansive and geographically diverse portfolio which totals
8.2 million sq ft supports Royal Mail's ambition to roll out this exciting new
concept at scale and speed. NewRiver will receive a modest income from the new
partnership, and the new Royal Mail lockers will provide a convenient and
complementary service for NewRiver shoppers as well as helping drive
additional footfall and customer spend for retailers.

 

Allan Lockhart, CEO of NewRiver, commented: "We are delighted to be the first
company to partner with Royal Mail to roll out its new parcel locker network,
leveraging the scale and size of our expansive portfolio. The Royal Mail
lockers are a great fit for our portfolio of UK wide retail assets which sit
in the heart of their local communities, providing a convenient service for
our shoppers and creating additional footfall and customer spend at our assets
whilst supporting Royal Mail's expansion of this new concept.

 

We know from our portfolio data that omni-channel retail operators are
outperforming online-only operators, and providing this additional service for
our shoppers ensures that our assets help fulfil the needs for both our
shoppers and our retailers, providing complementary services and helping to
support the growth of thriving communities."

 

Anna Malley, Director of Out of Home at Royal Mail, commented: "Our customers
are sending and receiving more and more parcels, and our mission is to make it
as convenient as possible by giving them choices that suit them. NewRiver's
shopping centres and retail parks are exactly the kind of busy locations that
many of our customers will already be visiting, making it easy for them to fit
in dropping off their parcels whilst they are there. The lockers are simple to
use with best-in-class technology that can print postage labels, which is
really important for many people."

 

Ends

 

For further information

 

 NewRiver REIT plc                                      +44 (0)20 3328 5800
 Allan Lockhart (Chief Executive)

 Will Hobman (Chief Financial Officer)

 Lucy Mitchell (Director - Communications)

 

 

 FTI Consulting              +44 (0)20 3727 1000
 Dido Laurimore

 Giles Barrie

 Eve Kirmatzis

 

 

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.

 

Following the completion of its acquisition of Capital & Regional in
December 2024, NewRiver has a £0.9 billion UK wide portfolio covering 8.2
million sq ft, comprising 28 community shopping centres and 13 conveniently
located retail parks occupied by tenants predominately focused on essential
goods and services. In addition, we manage 22 shopping centres and 18 retail
parks on behalf of Capital Partners, taking our total Assets Under Management
to £2.5 billion. 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 to deliver long-term attractive recurring income
returns and capital growth for our shareholders.

 

NewRiver is listed on the Equity shares (commercial companies) category of 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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