Shore Capital is delighted to have been appointed as Joint Broker to NewRiver REIT, a leading Real Estate Investment Trust with a market capitalisation of £246 million.
NewRiver REIT specialises in buying, managing and developing essential retail and leisure assets throughout the UK, and is listed on the Premium segment of the Main Market (ticker: NRR). Its £0.7bn portfolio covers 8 million sq. ft and comprises 33 community shopping centres and 19 conveniently located retail parks.
NewRiver hand-pick their assets to deliberately focus on occupiers providing essential goods and services and avoid structurally challenged sub-sectors such as department stores, mid-market fashion and casual dining. This focus, combined with its affordable rents and desirable locations, delivers sustainable and growing returns for NewRiver shareholders, while their active approach to asset management and inbuilt 2.5 million sq. ft development pipeline provide further opportunities to extract value from the portfolio.
For further information please contact:
Shore Capital: +44 (0) 20 7408 4090
Corporate Advisory: Mark Percy / James Thomas
Corporate Broking: Malachy McEntyre
Research: Clive Black / Greg Johnson
Sales: Rupert Lockwood
Market Making: Ray Powell
For media enquiries, please contact:
Adele Gilbert: +44 (0)7484 778 331
Note to editor
About Shore Capital
We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.
Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.
Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.