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NewRiver REIT sells Llanelli Asda for £17.9m

REIT is recycling capital from lower yielding assets into higher yielding JV opportunities, it said

NewRiver REIT has sold a 70,000 sq ft Asda foodstore and petrol filling station at St Elli Shopping Centre, Llanelli to a private investor for £17.9m, representing a net initial yield of 6.9% and a 1% discount to the March 2019 valuation.

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