Type REIT Industry Property Net income £69.4 million (2016) Revenue 60.8 million GBP (2016) | Traded as LSE: NRR Operating income Headquarters United Kingdom Founded 2009 | |
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Key people Paul Roy (Chairman)
David Lockhart (CEO) Stock price NRR (LON) 340.00 GBX 0.00 (0.00%)24 Mar, 4:39 PM GMT - Disclaimer Subsidiaries Newriver Retail (Darlington) Limited Profiles | ||
NewRiver REIT plc is a specialist listed real estate investment trust (REIT), focused primarily on retail and leisure property. The company own 29 shopping centres, 22 retail warehouses, 14 high street units and 359 public houses The company is listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index.
Contents
History
The company was established by Allan Lindsay and David Lockhart as a property company focusing on the retail sector under the name NewRiver Retail in September 2008. The company was the subject of an initial public offering on the London Stock Exchange in September 2009. In 2011 Mark Davies, husband of the Conservative MP Mims Davies joined the team as Finance Director: the company have since donated to her "local party organisation or indirectly via a central party organisation" The company acquired 202 pubs from Marston's for £90 million in December 2013 and 158 pubs from Punch Taverns for £53.5 million in August 2015. The company altered its structure and changed its name to NewRiver REIT in July 2016.
Operations
The company owns numerous shopping centres (geographically north to south):