Finance

NewRiver reliance on grocery and ‘essential stores’ pays off during lockdown

By 2020-03-31T07:19:00

NewRiver Whitefriars Shopping Centre in Canterbury

NewRiver has said over a third of its retail assets remain open during the health crisis, as supermarket pharmacies and other essential services stay open during the lockdown.

The group said almost two-thirds of its retail assets are anchored by a major food and grocery brand. As a result, 36% of its retail occupiers by gross income are currently still trading, following a UK government order on last week that all non-essential retail premises must close.  

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