Growthpoint holds 14% of NewRiver REIT after selling major stake in Capital & Regional
By Edward West | Published Sep 26, 2024
Growthpoint CEO Norbett Sasse said the proposed sale reflected their aim to simplify and optimise their international investments. NewRiver REIT, also listed on the LSE and which owns 33 shopping centres, 25 retail warehouses, 14 high street units and over 700 public houses, will fund the deal with existing cash resources.