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NewRiver REIT welcomes completion of The Moor acquisition
StockMarketWire.com
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Property investor NewRiver REIT welcomed news that its joint venture with Bravo Strategies III, in which it holds a 10% stake, had completed the acquisition of The Moor for in Sheffield for £41.0 million.
The Moor was a 28-acre estate in Sheffield city centre and had been acquired from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2.
The acquisition price represented a capital value of £60 per square foot.
The news followed an announcement on 19 February that the JV had exchanged contracts for the acquisition.
At 8:00am: (LON:NRR) Newriver Reit PLC share price was 0p at 68p
Story provided by StockMarketWire.com
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