New River snaps up shopping centres for £68m

June 27, 2011 by Venetia Cutler posted in: Business Owners & Property Buyers, Industry News

Listed REIT New River Retail informed the London Stock Exchange this morning that it has agreed to buy a portfolio of four UK shopping centres from Zurich Assurance for £68m, which it says “represents an attractive net initial yield of 8.0%”. ... Read more

This entry was tagged: Commercial property, New River, Retail space