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Today we're announcing the formation of a new retail park Capital Partnership with Singapore-based investors Soilbuild and United Engineers, creating a scalable platform for future growth.
We’ve completed the Capital Partnerships’ first acquisition: The Springs, Leeds, a fantastic retail and leisure park with strong occupier performance, attractive fundamentals and clear opportunities for future growth.
By combining NewRiver's retail expertise with long-term international capital, we're creating a scalable platform that can grow our exposure to one of our highest-conviction sectors in a capital-efficient way, whilst generating recurring fee income alongside attractive investment returns.
🎥 Hear from our CEO Allan Lockhart on why this partnership matters and what it means for our strategy and growth
🔗 Read the full announcement here.
🚁 Take a look at The Springs here.