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Share Price Information for NewRiver (NRR)
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Share Price:
71.20
Bid:
71.20
Ask:
71.30
Change:
-0.50 (-0.70%)
Spread:
0.10 (0.14%)
Open:
71.70
High:
71.80
Low:
70.50
Prev. Close:
71.70
Last checked at -
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Don't have an account? Click here to register.NewRiver sells Asda foodstore, petrol station for ?17.9m
Tue, 04th Jun 2019 07:36
(Sharecast News) - Real estate investment trust NewRiver said it had sold a 70,000 sq ft Asda foodstore and petrol filling station in Wales to a private investor for £17.9m.The company on Friday said the sale represented a net initial yield of 6.9% and a 1% discount to March 2019 valuation.The deal brings NewRiver's total disposal proceeds since 1 April 2019 to £20.9m, completed at a blended net initial yield of 6.6%.NewRiver has started a strategy of recycling capital from low yielding assets into higher yielding opportunities in joint ventures.
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NewRiver confident in cash position as pub estate closes
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