IN BRIEF: NewRiver REIT completes Cuckoo Bridge Retail Park sale
NewRiver REIT PLC - London-based real estate investment trust focused on retail and leisure properties - Completes the sale of Cuckoo Bridge Retail Park in Dumfries, Scotland, to "an institutional investor" for GBP26.5 million. Says consideration reflects a net initial yield of 6.9%, and brings its total disposals so far in financial 2026 to GBP110 million, "in-line with book value." The proceeds increase its cash holdings to over GBP100 million and bring its loan-to-value ratio close to its medium-term guidance level of below 40%. NewRiver adds that since buying Cuckoo Bridge in 2016 it has significantly enhanced the asset's tenant line‑up, materially improved its net income, and strengthened its weighted average unexpired lease term through redevelopments and active leasing. Read More