NewRiver sells retail parks to M7 for £12.3m

Saltney-Retail-Park-Chester

NewRiver REIT has continued its asset disposals with the sale of Mount Street Retail Park, Wrexham and Saltney Retail Park, Chester to M7 Real Estate for £12.3m.

The sale prices reflect a blended net initial yield of 7.6% and a blended unlevered internal rate of return of 14.7% over their period of ownership.

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