StockMarketWire.com - Property investor NewRiver REIT welcomed news that its joint venture with Bravo Strategies III, in which it holds a 10% stake, had completed the acquisition of The Moor for in Sheffield for £41.0 million.

The Moor was a 28-acre estate in Sheffield city centre and had been acquired from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2.

The acquisition price represented a capital value of £60 per square foot.

The news followed an announcement on 19 February that the JV had exchanged contracts for the acquisition.


At 8:00am: [LON:NRR] Newriver Reit PLC share price was 0p at 68p



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