NewRiver Retail, the UK’s 4th largest* owner/manager of shopping centres, is a leading specialist REIT focused on the UK food and value retail sector with the ambition to become the leading value-creating property investment platform in the sector.

With a core UK-wide portfolio and assets under management of £450m comprising 24 shopping centres, 16 High Street units and one shopping parade, NewRiver Retail has a clear investment strategy focused on driving income returns and delivering results for both our shareholders and in the towns of our retailers and shoppers.

As leading specialists in food and value retail NewRiver Retail has a pro-active asset management strategy and risk controlled development programme designed to enhance the value of our assets, improve the quality and length of our income streams and deliver a dynamic retail experience.

NewRiver are committed to driving innovation in a sector that remains resilient with proven year on year growth. We believe that retail property owners should manage their shopping centres as if they were retailers and we actively engage with investors, retailers, consumers and local stakeholders alike to achieve this.

We aim to be one of the highest performing listed Real Estate companies in Europe. With a highly experienced management team comprising over 100 years of combined experience in the market we are confident our income producing business model will deliver this to our investors.

*largest as defined by number over 50,000 sq ft

The company is a leading sector focused Real estate Investment Trust (REIT) and is publicly tracked on the London Stock Exchange, AiM and CISX market under the symbol NRR.

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Acquisition completion

Further to recent announcements, NewRiver Retail Limited (AIM: NRR), the UK REIT specialising in value-creating retail property investment and active asset management, is pleased to announce the completion of three strategic acquisitions totalling £121 million marking the deployment of the majority of the £150 million raised in the Company's recent equity fund raise.

· The Ramsay Retail Warehouse Portfolio for a total consideration of £69.1 million, equating to a net initial yield of 8.0 per cent. on the income producing assets. The geographically diverse portfolio has been acquired from a major foodstore operator and comprises 13 assets and includes nine value-led retail parks and four development sites each with approved planning consents and pre-let interest from retailers;

· The £29 million acquisition from LVS, a subsidiary of Bravo II*, for the acquisition of the 50 per cent. stake not already owned by NewRiver in the Trent JPUT - the Marston's public house portfolio - at an implied net initial yield of 10.1 per cent bringing the portfolio 100 per cent. under NewRiver's ownership;

· The £23 million acquisition from LVS, a subsidiary of Bravo II*, of the 50 per cent. stake not already owned by NewRiver, in the Camel III JPUT - a portfolio of five shopping centres reflecting an implied net initial yield of 7.2 per cent bringing the portfolio 100 per cent. under NewRiver's ownership.

The three acquisitions, together with planned capital expenditure for identified risk-controlled development opportunities, will effectively deploy the £150 million raised in the Placing of new shares as announced on 19 June 2015.

Exchange of contracts for £53.5 million acquisition
of 158 Pubs from Punch Taverns, at a net initial yield of 13.61%

Is this one you still watch skinny? Divi still being quoted as somewhere around 7%.

Not for some time - sorry Harry.