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April 8, 2021

NewRiver is pleased to announce that its joint venture with BRAVO Strategies III LLC in which it holds a 10% stake has exchanged contracts to acquire The Moor, a 28 acre estate in Sheffield city centre, from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2 Limited, for total consideration of £41.0 million, representing a capital value of £60 per sq ft.

Work has begun on-site at the Grantham Designer Outlet Village, a destination that could create up to 1,500 full and part time jobs after it opens in 2023, in a resounding endorsement of the economic opportunities that bricks-and-mortar retail destinations bring.