NewRiver REIT (GB:NRR) has released an update.
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NewRiver REIT has successfully obtained shareholder approval for its acquisition of Capital & Regional plc, signaling a strategic move to create a larger specialist REIT with a £0.9 billion portfolio of high-quality assets. The acquisition, which received strong investor support, is expected to become effective by December 2024. This transaction marks a significant step for NewRiver in expanding its market presence and enhancing its asset base.
For further insights into GB:NRR stock, check out TipRanks’ Stock Analysis page.
