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NewRiver re-establishes Bravo JV and buys four retail parks as it goes back on the retail acquisitions trail

The JV with Pimco is paying £60.5m for four UK retail parks at a 9.8% net initial yield

NewRiver has formed a new 50:50 joint venture with BRAVO Strategies III LLC BRAVO , a fund managed by the Pacific Investment Management Company (Pimco), and exchanged to buy a portfolio of four retail parks for £60.5m, reflecting a net initial yield of 9.8%, from Zurich Assurance.

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News | NewRiver re-establishes Bravo JV and buys four retail parks as it goes back on the retail acquisitions trail