NewRiver
 | |
| Company type | REIT |
|---|---|
| LSE:NRR | |
| Industry | Property |
| Founded | 2009 |
| Headquarters | , |
Key people | Margaret Ford(Chairman) Allan Lockhart (CEO) |
| Revenue |  £72.2 million (2023)[1] |
 £34.6 million (2023)[1] | |
| £(16.8) million (2023)[1] | |
| Website | nrr.co.uk |
NewRiver REIT plcis a specialist listedreal estate investment trust(REIT), focused primarily on retail and leisure property. The company owns 33 shopping centres, 25 retail warehouses, 14 high street units and over 700 public houses.[2]The company is listed on theLondon Stock Exchange.
History
[edit]The company was established by Allan Lockhart and David Lockhart as a property company focusing on the retail sector under the nameNewRiver Retailin September 2008.[3][4]The company was the subject of aninitial public offeringon theLondon Stock Exchangein September 2009.[5]
In 2009 Mark Davies,[6][7]the then-husband (divorced in 2017) of the Conservative MPMims Daviesjoined the company as finance director.[8]The company have since donated to her "local party organisation or indirectly via a central party organisation"[9]
The company acquired 202 pubs fromMarston'sfor £90 million in December 2013[10]and 158 pubs fromPunch Tavernsfor £53.5 million in August 2015.[11]The company altered its structure and changed its name toNewRiver REITin July 2016.[12]
In February 2018, David Lockhart stepped down as CEO and was replaced by Allan Lockhart. David Lockhart became Executive Deputy Chairman.[13]
Operations
[edit]The company owns numerous shopping centres (geographically north to south):[14]
- Broadway Shopping Centre,Bexleyheath,
- Newkirkgate Shopping Centre,Leith,
- Piazza Shopping Centre,Paisley,
- The Avenue,Newton Mearns,
- Burns Mall,Kilmarnock,
- The Beacon Shopping Centre,North Shields,
- Forum Shopping Centre,Wallsend,
- Abbeycentre,Newtownabbey,
- Hillstreet Shopping Centre,Middlesbrough
- Cornmill shopping centre,Darlington
- Promenades Shopping Centre,Bridlington,
- Arndale Shopping Centre,Morecambe,
- The Ridings Centre,Wakefield,
- Packhorse Shopping Centre,Huddersfield,
- Albert Square,Widnes,
- Hildreds Shopping Centre,Skegness,
- The Deeping Centre,Market Deeping,
- Horsefair Shopping Centre,Wisbech,
- Central Square Shopping Centre,Erdington,
- Merlins Walk,Carmarthen,
- St Elli,Llanelli,
- Gloucester Green,Oxford,
- Templars Square,Cowley,
- Newlands Shopping Centre,Witham,
- Three Horseshoe Walk,Warminster,
- The Martlets Shopping Centre,Burgess Hill,
- Locksheath Shopping Village,Fareham,
- Priory Meadow Shopping Centre,Hastings,
- The Montague Centre,Worthing,
- Sovereign Shopping Centre,Boscombe.
References
[edit]- ^abc"Annual Results 2023"(PDF).NewRiver.Retrieved15 February2024.
- ^"NewRiver REIT plc - About us".NewRiver REIT plc - about us.Retrieved2 December2019.
- ^"NewRiver Retail Limited".Companies House.Retrieved9 October2015.
- ^"Lunch with David Lockhart of New River".EstatesGazette. 5 October 2011.Retrieved3 December2016.
- ^Taylor, Peter (17 August 2009)."Vulture property fund New River Retail tables vastly reduced IPO proposal".Retrieved3 December2016.
- ^"NewRiver Retail Limited".Companies House.Retrieved9 October2015.
- ^"Executive Profile: Mark Davies".Bloomberg LP.Retrieved6 February2018.
- ^Tim Carr; Iain Dale; Robert Waller (22 May 2015).The Politicos Guide to the New House of Commons 2015: Profiles of the New MPs and Analysis of the 2015 General Election Results.Biteback Publishing. p. 222.ISBN978-1-84954-924-0.Retrieved9 October2015.
- ^"Register of Members' Interests".theyworkforyou.Retrieved9 October2015.
- ^"NewRiver acquires 202 public houses from Marston's Plc to convert into retail".property-magazine.11 December 2013.Retrieved9 October2015.
- ^"Punch Taverns strikes deal to sell 158 pubs".The Telegraph.24 August 2015.Retrieved9 October2015.
- ^"NewRiver Tables Plans To Insert New Parent Company NewRiver REIT".Morning Star. 11 July 2016.Retrieved3 December2016.
- ^"Appointment of David Lockhart to Executive Deputy Chairman; Appointment of Allan Lockhart to Chief Executive Officer"(Press release).London Stock Exchange.8 February 2018.
- ^"NewRiver Retail Limited".NewRiver Retail Portfolio.Retrieved15 December2015.
External links
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