Disposal of Cuckoo Bridge Retail Park in Dumfries for £26.5 million, reflecting a net initial yield of 6.9%.

This disposal follows the successful execution of our asset management strategy for the retail park, significantly enhancing the tenant line‑up including the introduction of Sainsbury's and Next, delivering material improvements to net income and strengthening the WAULT through active leasing and redevelopment initiatives.

Following this transaction, NewRiver has now completed £110 million of disposals in FY26, in-line with book value. The sale proceeds increase NewRiver's cash holdings to over £100 million and reduce Group LTV to close to medium term guidance level of <40%.

The transaction strengthens our balance sheet, enhances financial flexibility and positions us well as we continue to pursue disciplined growth and value creation for shareholders.