Priory Meadow in Hastings. Image: NewRiver
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NEWRIVER APPOINTS LAMBERT SMITH HAMPTON ON MAJOR UK PROPERTY MANAGEMENT INSTRUCTION

NewRiver has appointed LSH’s Belfast office as the managing agents on a major UK and Ireland shopping centre and leisure portfolio, with a combined size in excess of 1.7m sq ft.

The instruction comprises seven shopping centres and two retail parks amongst other retail and leisure assets. Included are: Abbey Centre in Newtownabbey, Belfast; Priory Meadows in Hastings; and The Avenue in Newtown Mearns, Glasgow. They join other leading schemes that LSH work on in the UK and Ireland including Frenchgate, Doncaster, Victoria Square, Belfast and Fulham Broadway, London.

NewRiver is one of the UK’s leading REITs focused on the convenience-led retail and leisure sectors. The company is one of the UK’s largest shopping centre owners and managers with £1.3 billion of assets under management including 33 shopping centres, 20 retail warehouses, 15 high street assets and a portfolio of 340 pubs.

Commenting on the new appointment, Gary Nesbitt, Head of Property Management – Ireland, at LSH, said: “This is an exciting appointment for our office and we very much look forward to working in partnership with NewRiver. We bring a wealth of retail and leisure property management knowledge that will assist in the development of their portfolio.”

Emma Mackenzie, Director at NewRiver, added: “LSH has a specialist and highly experienced property management team with considerable expertise across the UK and Ireland. Their innovative approach and enthusiasm will add value to our assets and we very much look forward to a positive and productive long-term relationship.”

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