London Stock Exchange welcomes NewRiver REIT plc
NewRiver REIT plc is a specialist REIT focused on the UK retail and leisure sector.
This morning NewRiver’s shares will be admitted to the Premium list of the Main Market having traded on the Alternative Investment Market since the company was founded in September 2009 when the Company raised £25 million at IPO. Since that time, NewRiver has raised over £500 million through equity placings and today, NewRiver REIT plc’s market capitalisation is now circa £750 million.
Since inception, NewRiver has consistently delivered upon its business model of strategic stock selection, active asset management and risk-controlled development to deliver growing and sustainable income returns to shareholders. With £1.2 billion of assets under management, NewRiver is one of the UK’s leading and largest owner/managers of shopping centres with a portfolio of 33 shopping centres, together with further nationwide retail and leisure assets.