Shore Capital acts as Joint Broker to NewRiver REIT plc on its recommended cash and share offer to acquire Capital & Regional plc
Shore Capital is pleased to have acted as Joint Corporate Broker to NewRiver REIT plc (“NewRiver”) on its recommended £151 million cash and share offer to acquire Capital & Regional plc (“Capital & Regional”).
The recommended cash and share offer, announced on 24 September 2024 and completed on 10 December 2024, increases the size of NewRiver’s portfolio by 65% to create a £0.9 billion portfolio through the combination of high-quality, complementary assets with similar low-risk tenant profile and attractive income characteristics. The transaction to acquire Capital & Regional was part funded through a significantly oversubscribed 19.9% equity placing and retail offer in September 2024 on which Shore Capital was pleased to have acted as Joint Global Coordinator and Joint Broker.
For further information please contact:
Shore Capital +44 (0) 20 7408 4090
Corporate Advisory: Mark Percy, James Thomas
Corporate Broking: Ben Canning
For Shore Capital media enquiries, please contact: