NewRiver sells off pubs and fills out Whitefriars Shopping Centre

NewRiver Whitefriars Shopping Centre in Canterbury

NewRiver REIT has sold off 22 of the pubs it acquired as part of Marston’s £90m Trent portfolio.

The 22 pubs were bought for a total consideration of £10.7m as part of the 202-pub portfolio it acquired in 2013 and have now been sold for £14.8m to a private equity investor, representing a net initial yield of 5.6%.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Due to the unprecedented challenge facing our industry at this time will be entirely free to view to all users until 19 April. Register now to benefit from the following:

  • UNLIMITED access until 19 April
  • From 20 April, can still access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue