30th Mar 2016 07:43
LONDON (Alliance News) - Retail property investor NewRiver Retail Ltd on Wednesday confirmed it is in advanced negotiations with a vendor for the potential acquisition of the Broadway shopping centre and Broadway Square in Bexleyheath for GBP120.0 million.
NewRiver Retail said the GBP120.0 million offer price is also subject to negotiation.
It said the assets, which are located in Bexleyheath town centre, south east London, total 525,000 square-feet across an 11-acre site and are predominately retail and leisure led.
NewRiver Retail added negotiations are ongoing and there is "no certainty" an acquisition will be completed.
Shares in NewRiver Retail were up 1.2% at 330.38 pence on Wednesday.
By Hannah Boland; [email protected]; @Hannaheboland
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