Finance

NewRiver outperforms retail market as occupancy recovers to five-year high

By 2023-06-06T09:01:00

Allan Lockhart

Regional shopping centre group NewRiver REIT outperformed the wider retail market in the year to the end of March as the firm claimed the sector’s recovery was now in full swing.

Despite a fall in the value of its portfolio, the group delivered a 2.3% total return, compared with a -7.9% return for the MSCI All Retail index.

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