NewRiver REIT plc is a specialist listed

real estate investment trust A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping cente ...

(REIT), focused primarily on retail and leisure property. The company owns 33 shopping centres, 25 retail warehouses, 14 high street units and over 700 public houses. The company is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

History

The company was established by Allan Lockhart 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 An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

on the

in September 2009. In 2009 Mark Davies, the then-husband (divorced in 2017) of the Conservative MP

Mims Davies Miriam Jane Alice Davies (born 2 June 1975), known as Mims Davies, is a British Conservative Party politician serving as the Member of Parliament (MP) for Mid Sussex since 2019. She has been serving as Parliamentary Under Secretary of State f ...

joined the company 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 Marston's plc is a British pub and hotel operator. Founded by John Marston in 1834, it is listed on the London Stock Exchange. Marston's disposed of its brewing operations in 2020, selling the assets to a newly formed joint venture with the C ...

for £90 million in December 2013 and 158 pubs from

Punch Taverns Punch Pubs & Co is a pub and bar operator in the United Kingdom, with around 1,300 leased pubs. It is headquartered in the traditional brewing centre of Burton upon Trent in Staffordshire. It was listed on the London Stock Exchange as a constit ...

for £53.5 million in August 2015. The company altered its structure and changed its name to NewRiver REIT in July 2016. In February 2018, David Lockhart stepped down as CEO and was replaced by Allan Lockhart. David Lockhart became Executive Deputy Chairman.

Operations

The company owns numerous shopping centres (geographically north to south): Boscombe, Sovereign Shopping Centre - geograph

* Broadway Shopping Centre, Bexleyheath, * Newkirkgate Shopping Centre,

Leith Leith (; gd, Lìte) is a port area in the north of the city of Edinburgh, Scotland, founded at the mouth of the Water of Leith. In 2021, it was ranked by ''Time Out'' as one of the top five neighbourhoods to live in the world. The earliest ...

, * Piazza Shopping Centre, Paisley, * The Avenue,

Newton Mearns Newton Mearns ( sco, The Mearns; gd, Baile Ùr na Maoirne ) is a suburban town and the largest settlement in East Renfrewshire, Scotland. It lies southwest of Glasgow City Centre on the main road to Ayrshire, above sea level. It has a popu ...

, * Burns Mall, Kilmarnock, * The Beacon Shopping Centre,

North Shields North Shields () is a town in the Borough of North Tyneside in Tyne and Wear, England. It is north-east of Newcastle upon Tyne and borders nearby Wallsend and Tynemouth. Since 1974, it has been in the North Tyneside borough of Tyne and Wea ...

, * Forum Shopping Centre,

Wallsend Wallsend is a town in North Tyneside, England, at the eastern end of Hadrian's Wall. It has a population of 43,842 and lies east of Newcastle upon Tyne. History Roman Wallsend In Roman times, this was the site of the fort of Segedunum. This f ...

, * Abbeycentre,

Newtownabbey Newtownabbey ( ) is a large settlement in North Belfast in County Antrim, Northern Ireland. It is separated from the rest of the city by Cavehill and Fortwilliam golf course. It surrounds Carnmoney Hill, and was formed from the merging of severa ...

, * Hillstreet Shopping Centre,

Middlesbrough Middlesbrough ( ) is a town on the southern bank of the River Tees in North Yorkshire, England. It is near the North York Moors national park. It is the namesake and main town of its local borough council area. Until the early 1800s, the a ...

* Cornmill shopping centre, Darlington * Promenades Shopping Centre,

Bridlington Bridlington is a coastal town and a civil parish on the Holderness Coast of the North Sea in the East Riding of Yorkshire, England. It is about north of Hull and east of York. The Gypsey Race enters the North Sea at its harbour. The 2011 ...

, * Arndale Shopping Centre, Morecambe, * The Prospect Shopping Centre, Hull, * The Ridings Centre,

Wakefield Wakefield is a cathedral city in West Yorkshire, England located on the River Calder. The city had a population of 99,251 in the 2011 census.https://www.nomisweb.co.uk/census/2011/ks101ew Census 2011 table KS101EW Usual resident population, ...

, * Packhorse Shopping Centre,

Huddersfield Huddersfield is a market town in the Kirklees district in West Yorkshire, England. It is the administrative centre and largest settlement in the Kirklees district. The town is in the foothills of the Pennines. The River Holme's confluence into ...

, * Albert Square,

Widnes Widnes ( ) is an industrial town in the Borough of Halton, Cheshire, England, which at the 2011 census had a population of 61,464. Historically in Lancashire, it is on the northern bank of the River Mersey where the estuary narrows to form th ...

, * Hildreds Shopping Centre,

Skegness Skegness ( ) is a seaside town and civil parish in the East Lindsey District of Lincolnshire, England. On the Lincolnshire coast of the North Sea, the town is east of Lincoln and north-east of Boston. With a population of 19,579 as of 2011, ...

, * The Deeping Centre,

Market Deeping Market Deeping is a market town and civil parish in the South Kesteven district of Lincolnshire, England, on the north bank of the River Welland and the A15 road. The population of the town at the 2011 census was 6,008. History The town's mar ...

, * Horsefair Shopping Centre,

Wisbech Wisbech ( ) is a market town, inland port and civil parish in the Fenland district in Cambridgeshire, England. In 2011 it had a population of 31,573. The town lies in the far north-east of Cambridgeshire, bordering Norfolk and only 5 miles ...

, * Central Square Shopping Centre,

Erdington Erdington is a suburb and ward of Birmingham in the West Midlands County, England. Historically part of Warwickshire and located northeast of central Birmingham, bordering Sutton Coldfield. It was also a council constituency, managed by its o ...

, * Merlins Walk,

Carmarthen Carmarthen (, RP: ; cy, Caerfyrddin , "Merlin's fort" or "Sea-town fort") is the county town of Carmarthenshire and a community in Wales, lying on the River Towy. north of its estuary in Carmarthen Bay. The population was 14,185 in 2011, ...

, * St Elli,

Llanelli Llanelli (" St Elli's Parish"; ) is a market town and the largest community in Carmarthenshire and the preserved county of Dyfed, Wales. It is located on the Loughor estuary north-west of Swansea and south-east of the county town, Carmarth ...

, * Gloucester Green,

Oxford Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...

, * Templars Square, Cowley, * Newlands Shopping Centre,

Witham Witham () is a town in the county of Essex in the East of England, with a population ( 2011 census) of 25,353. It is part of the District of Braintree and is twinned with the town of Waldbröl, Germany. Witham stands between the city of Che ...

, * Three Horseshoe Walk,

Warminster Warminster () is an ancient market town with a nearby garrison, and Civil parishes in England, civil parish in south west Wiltshire, England, on the western edge of Salisbury Plain. The parish had a population of about 17,000 in 2011. The 11th-c ...

, * The Martlets Shopping Centre, Burgess Hill, * Locksheath Shopping Village, Fareham, * Priory Meadow Shopping Centre,

Hastings Hastings () is a large seaside town and borough in East Sussex on the south coast of England, east to the county town of Lewes and south east of London. The town gives its name to the Battle of Hastings, which took place to the north-west ...

, * The Montague Centre,

Worthing Worthing () is a seaside town in West Sussex, England, at the foot of the South Downs, west of Brighton, and east of Chichester. With a population of 111,400 and an area of , the borough is the second largest component of the Brighton and Ho ...

, * Sovereign Shopping Centre,

Boscombe Boscombe is a suburb of Bournemouth, England. Historically in Hampshire, but today in Dorset, it is located to the east of Bournemouth town centre and west of Southbourne. Originally a sparsely inhabited area of heathland, from around 1865 B ...

References

External links

Official site
{{DEFAULTSORT:NewRiver Companies based in the City of Westminster British companies established in 2008 Real estate investment trusts of the United Kingdom