NewRiver REIT plc (LSE:NRR) exchanged contracts to acquire Sprucefield Retail Park, Lisburn from intu properties plc (LSE:INTU) for £40 million on November 25, 2019. The gross asset value subject to this transaction will be satisfied from existing resources and available credit facilities. According to Allan Lockhart, Chief Executive of NewRiver, the asset will generate £3.7 million of annualised Net Property Income, which will be highly accretive to Underlying Funds from Operations and significant in improving dividend cover.
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-3.35% | 678.22Cr | |
-3.15% | 610Cr | |
-4.17% | 589.4Cr | |
-3.02% | 481.37Cr |
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- NewRiver REIT plc exchanged contracts to acquire Sprucefield Retail Park, Lisburn from intu properties plc for £40 million.