NewRiver REIT buys Sprucefield Retail Park in Lisburn, Northern Ireland.
REIT’s shares drop by around 18%
Shopping centre landlord has been considering a range of measures to fix its balance sheet
REIT’s disposal programme continues
H Beauty will launch in spring 2020
Shares in the REIT surge by more than 20% as market opens
Retail centre landlord’s share price plummets by circa 77%
The news comes after the landlord reported a slide in its shares and portfolio values
Portfolio valuations and rental income fall in shopping centre landlord’s first-half results.
Intu has sold 50% of its Derby mall as part of a wider mission to offload assets to reduce debt.
The fall in the value of retail properties was largely to blame, according to research by Growthdeck
Intu’s stand against the retailer highlights the unfairness of the CVA process