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NewRiver REIT footfall declines; occupancy rate improves

By BFN News | 09:09 AM | Wednesday 22 January, 2020

Property investor NewRiver REIT said footfall across its shopping centres fell 1.9% in the third quarter, but nevertheless outperformed the UK benchmark. The company said its occupancy levels improved to 96.1% at the end of December, up from 95.6% at the end of September. Disposals so far in the 2020 financial year amounted to £70.3, at a blended net initial yield of 4.9%. 'In the third quarter, we saw continued stability in our operational metrics with an increase in retail occupancy to 96.1%, footfall outperforming the UK benchmark by 60 basis points,' chief executive Allan Lockhart said. At 9:09am: (LON:NRR) NewRiver Retail Ltd share price was +6p at 193.6p Story provided by

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