Small Caps News

NewRiver REIT snaps up smaller peer Ellandi Management

By Benjamin Chiou

Date: Thursday 04 Jul 2024

(Sharecast News) - NewRiver REIT, the retail-focused real estate investor, has announced it is spending up to £9m to acquire the assets of Ellandi Management, which manages shopping centres and regeneration projects.
The initial consideration would be £5m in cash, plus a further £4m subject to profit performance over a three-year...

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