TIDMNRR 
 
RNS Number : 4444N 
NewRiver Retail Limited 
11 June 2010 
 

 
                              NewRiver Retail Ltd 
                          ("NewRiver" or "the Company") 
                                  Acquisition 
 
NewRiver Retail Limited, the specialist value-creating retail property 
investment and asset management company, is pleased to announce that it has 
exchanged contracts to acquire the leasehold interests of 49/53 Northumberland 
Street in Newcastle Upon Tyne. The property has been acquired from the Receivers 
to Stylo Barratt Properties for a total consideration of GBP4.2m, reflecting a 
net initial yield of circa. 9.60%.  The property provides approximately 
20,000sqft of retailing space subdivided into 2 units. 
Newcastle is one of the UK's largest cities and the property is located within a 
prime position on Northumberland Street, Newcastle's premier retailing location. 
 The property benefits from strong pedestrian footfall being immediately 
adjacent to Fenwicks department store and close to major leading retailers such 
as Marks & Spencer, Primark and H&M. 
Simultaneous with the acquisition of the property, contracts have been exchanged 
to let the larger unit, formerly occupied by Stylo Barratt to Bank Fashions 
Limited, a wholly owned subsidiary of J D Sports Plc.  Bank Fashion Limited have 
65 stores in the UK and target the young aspirational fashion market.  The 
smaller unit is let to H. Samuel. 
Allan Lockhart, Director of NewRiver Capital Limited said: 
"We are delighted to have been able to acquire this high quality retail asset in 
one of the UK's leading retailing streets at a very attractive yield.  The new 
letting to Bank Fashion Limited reflects current market rental levels. 
Not only will this acquisition provide excellent annual income returns, but will 
offer further capital value enhancement through the release of significant 
marriage value from a re-gear of the long leasehold interest." 
                                      ends 
For further information: 
 
NewRiver Retail Limited 
Serena Tremlett 
                                             Tel: 01481 735 540 
 
NewRiver Capital Limited 
 
David Lockhart 
                                               Tel: 0203 328 5800 
 
Cenkos Securities 
                                            Tel: 0207 397 8900 
Ian Soanes 
Max Hartley 
 
Pelham Bell Pottinger 
                                       Tel: 0207 861 3232 
David Rydell 
Rosanne Perry 
 
About NewRiver 
NewRiver Retail Limited is a specialist real estate investor and asset manager 
with a particular focus on the UK retail sector. NewRiver Retail is advised on 
property matters by its wholly-owned subsidiary, NewRiver Capital Limited, whose 
management team, led by David Lockhart, have more than 50 years combined 
experience in UK commercial property markets. The Company's activities include 
active and entrepreneurial asset management and risk controlled development, 
utilising both its own balance sheet and co-investment joint venture structures. 
It is NewRiver's intention to become one of the leading sector-focused 
value-creating property investment businesses operating in the UK retail sector. 
The Company was founded in 2009 and its shares were admitted to London's AIM and 
Channel Islands Stock Exchange (CISX) in September of the same year. 
For more information on NewRiver, please visit www.newriverretail.com and 
www.newrivercapital.co.uk 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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