NewRiver REIT PLC Statement regarding Arcadia Group (3483C)
June 14 2019 - 6:00AM
UK Regulatory
TIDMNRR
RNS Number : 3483C
NewRiver REIT PLC
14 June 2019
NewRiver REIT plc
("NewRiver" or the "Company")
Statement regarding Arcadia Group
NewRiver notes the announcement by Arcadia Group on 12 June
2019, confirming that all seven of its Company Voluntary
Arrangements ('CVAs') have been approved by the required majority
of the companies' creditors.
For the purposes of clarification, NewRiver confirms that its
total rental exposure to Arcadia Group is limited to GBP363,000,
which represents 0.3% of the Company's gross income, and that there
will be no reduction to this rental income as a result of the
CVAs.
For further information
NewRiver REIT plc +44 (0)20 3328 5800
Allan Lockhart (Chief Executive)
Mark Davies (Chief Financial Officer)
Will Hobman (Head of Investor
Relations & Strategy)
+44 (0)20 7251
Finsbury 3801
Gordon Simpson
James Thompson
About NewRiver
NewRiver REIT plc ('NewRiver') is a leading Real Estate
Investment Trust specialising in buying, managing, developing and
recycling convenience-led, community-focused retail and leisure
assets throughout the UK.
Our GBP1.3 billion portfolio covers over 9 million sq ft and
comprises 34 community shopping centres, 19 conveniently located
retail parks and over 650 community pubs. Having hand-picked our
assets since NewRiver was founded in 2009, we have deliberately
focused on the fastest growing and most sustainable sub-sectors of
the UK retail market, with grocery, convenience stores, value
clothing, health & beauty and discounters forming the core of
our retail portfolio. This focus, combined with our affordable
rents and desirable locations, delivers sustainable and growing
returns for our shareholders, while our active approach to asset
management and in-built 1.9 million sq ft development pipeline
provide further opportunities to extract value from our
portfolio.
NewRiver has a Premium Listing on the Main Market of the London
Stock Exchange (ticker: NRR) and is a constituent of the FTSE 250
and EPRA indices. Visit www.nrr.co.uk for further information.
LEI Number: 2138004GX1VAUMH66L31
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END
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