Stakeholder engagement

The acquisition of Capital & Regional plc included an equity raise requiring careful and regulated shareholder engagement. The £151 million acquisition was completed through a combination of cash, part funded by an oversubscribed retail equity placing and retail offer, and shares. The successful acquisition resulted in an enhanced equity profile with a larger and broader shareholder register which positions our business well for continued growth.

Highlights

▪ Capital & Regional acquisition shareholder engagement programme, supported by brokers Panmure Liberum, Jefferies and Shore Capital.

▪ Successful equity placing and retail offer completed to part fund Capital & Regional acquisition, which was heavily oversubscribed and priced at a modest premium to the prevailing share price, reflecting the increased confidence in NewRiver and a recognition of our improving marketplace.

▪The equity placing enabled us to expand and strengthen our shareholder register and the trading liquidity of our shares by permitting new investors to join and existing shareholders to increase their positions in the Company.

Since the inception of our partnership with the Trussell Trust in June 2019, we have raised almost £600,000 in support of their mission to stop UK hunger. This year, non-monetary support included 2.13 tonnes of food donations; digital advertising; over 105 volunteering hours; and support for their Essentials Guarantee campaign.

Almost £600,000 Raised since June 2019

Awarded Estates Gazettes’ Public/Private Partnership award for the team's regeneration work in Blackpool. True public/private partnerships at its best - contributing toward the regeneration of Blackpool town centre, underpinned by data-driven decision-making, tailored to meet the needs of residents and visitors alike, to achieve genuine social and economic impact.

Background

The quantifiable transformation of Blackpool town centre is a fantastic example of public/private collaboration. The team drew upon best practice from private sector projects in one of the UK’s most deprived towns. The collaboration has delivered (and continues to deliver) new F&B, a cinema, a market, enhanced retail, as well as improvements to the public realm.

This social value focused partnership with Blackpool Council leveraged the transformation of the retail to help drive the wider regeneration of Blackpool town centre. The research-centric asset management ethos aligns with Blackpool Council’s innovative approach which ensures that every step is grounded in evidence, and tailored to meet the evolving needs of its residents and visitors alike.