NewRiver REIT ( (GB:NRR) ) has shared an update.
NewRiver REIT has partnered with Royal Mail to introduce a new parcel locker network across its UK shopping centres and retail parks. This initiative, which will see lockers installed in over 60 locations, aims to enhance convenience for shoppers, increase footfall, and boost customer spending. The partnership aligns with Royal Mail’s strategy to expand its parcel services and leverages NewRiver’s extensive property portfolio. The rollout has begun in Essex and is set to continue over the next six months, providing NewRiver with a modest income while supporting community-focused retail environments.
More about NewRiver REIT
NewRiver REIT plc is a leading Real Estate Investment Trust specializing in the acquisition, management, and development of resilient retail assets across the UK. With a portfolio valued at £0.9 billion, NewRiver owns and manages 28 community shopping centres and 13 retail parks, primarily occupied by tenants focused on essential goods and services. The company also manages additional assets on behalf of Capital Partners, bringing its total Assets Under Management to £2.5 billion. NewRiver aims to maintain a resilient retail portfolio, focusing on retail parks, core shopping centres, and regeneration opportunities to provide long-term income returns and capital growth. It is listed on the Main Market of the London Stock Exchange.
YTD Price Performance: -7.64%
Average Trading Volume: 733,089
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £322.3M
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