REG - NewRiver REIT plc - Disposal of Templars Square Shopping Centre

Newriver ReitAnnouncement

01/04/2022 07:15

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RNS Number : 9177G  NewRiver REIT PLC  01 April 2022

NewRiver REIT plc

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

 

Completion of the disposal of Templars Square Shopping Centre, Cowley for
£38.8 million

 

NewRiver is pleased to announce the completion of the disposal of its
Regeneration Shopping Centre in Cowley, Oxford, for gross proceeds of £38.8
million.

 

This follows the announcement on 22 December 2021 confirming the conditional
exchange of contracts for the disposal.

 

 For further information

 

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

 Will Hobman (Chief Financial Officer)
 Lucy Mitchell (Communications & Investor Relations)

 

 Finsbury               +44 (0)20 7251 3801
 Gordon Simpson

 James Thompson

 

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.

 

Our £0.7 billion portfolio covers 8 million sq ft and comprises 28 community
shopping centres and 15 conveniently located retail parks. We have hand-picked
our portfolio to focus on occupiers providing essential goods and services and
to support the development of thriving communities across the UK, while
deliberately avoiding structurally challenged sub-sectors such as department
stores and mid-market fashion. 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 in order to deliver stable income and
capital growth to our investors.

 

NewRiver has a Premium Listing on 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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