Eversheds advises NewRiver Retail on over-subscribed £85m equity fundraising

Eversheds has advised NewRiver Retail, a UK REIT specialising in value-creating retail property investment and active asset management, on its latest £85m equity fundraising. The size of the fundraising, originally targeting £75m, was increased following significant investor demand.

The fundraising is the second that NewRiver has successfully completed in just more than six months after it raised £67m in July last year. The proceeds will be applied for the purposes of the company’s continuing investment programme.

The Eversheds team was led by partner Aleen Gulvanessian, assisted by principal associate Mark Roe.