NewRiver Retail Limited (AIM: NRR), the UK REIT specialising in value-creating retail property investment and active asset management, confirms that it is in advanced negotiations with a vendor which may or may not lead to the acquisition of the Broadway shopping centre and Broadway Square in Bexleyheath town centre, London Borough of Bexley for approximately £120 million (subject to negotiation). The assets under consideration total 525,000 sq. ft. across an 11-acre site and are predominantly retail and leisure led. The potential acquisition is in line with the Company's stated acquisition criteria.
Negotiations are ongoing with the vendors, but there can be no certainty that an acquisition will be completed. The Company will make a further announcement as appropriate.