StockMarketWire.com - NewRiver REIT said there would be no reduction to the rental income received through its exposure to Arcadia Group.

Arcadia on Wednesday confirmed that all seven of its company voluntary arrangements, or CVAs, had been approved by the required majority of its creditors.

NewRiver REIT said its total rental exposure to Arcadia Group was limited to £363k, which represented 0.3% of the company's gross income.

'There will be no reduction to this rental income as a result of the CVAs,' it added.


At 1:16pm: [LON:NRR] NewRiver Retail Ltd share price was +1.7p at 191.1p



Story provided by StockMarketWire.com