NewRiver Retail Limited (AIM:NRR) agreed heads of terms to acquire Neptune Portfolio from Moorfield Real Estate Fund Limited Partnership of Moorfield Investment Management Limited on December 9, 2015. NewRiver Retail Limited (AIM:NRR) exchanged contracts to acquire Neptune Portfolio from Moorfield Real Estate Fund Limited Partnership of Moorfield Investment Management Limited for £92.3 million in cash on December 24, 2015. In a related transaction NewRiver has also completed the acquisition of three further retail assets for a combined total of £15.6 million. The acquisitions will be funded utilizing a portion of the funds to be raised following completion of the Company's proposed conditional placing of 46,153,846 new ordinary shares which is intended to raise gross proceeds of approximately £150 million, as announced on December 10, 2015. For the year ended on December 31, 2014, the portfolio annual income of £7.75 million. David Rydell, James Newman and David Bass of Bell Pottinger acted as public relations advisor to NewRiver Retail. David Rydell, James Newman and David Bass of Bell Pottinger acted as public relations advisor to NewRiver Retail. Richard Crawley and Jamie Richards of Liberum Capital Limited and Capel Irwin and Hugh Preston of Peel Hunt LLP acted as financial advisor to NewRiver Retail.

NewRiver Retail Limited (AIM:NRR) completed the acquisition of Neptune Portfolio from Moorfield Real Estate Fund Limited Partnership of Moorfield Investment Management Limited on January 18, 2016.