NewRiver REIT seals JV agreement with Bravo Strategies

Writer, Stock Market Wire
Friday, June 21, 2019 - 08:30

NewRiver REIT said it had signed a shareholder agreement to complete the formation of a new joint venture with Bravo Strategies III.

A potential tie-up was first announced in May.

The venture would acquire and manage a portfolio of retail parks in the UK and, under the terms of the shareholder agreement, NewRiver had been appointed as its asset manager.

NewRiver REIT said a previously-announced deal to acquire four retail parks from Zurich Assurance for £60.5m had now been completed by the JV.

At 8:30am: (LON:NRR) NewRiver Retail Ltd share price was +1.1p at 188.9p

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