U.K. retail company aims for REIT conversion

10/28/2010 | Property Week

NewRiver Retail, currently listed in London's AIM exchange, is planning to convert to a REIT to accommodate international investors' preference for preferred shares in REITs. "The board considers that conversion will make the company more attractive to U.K. and international real estate investors and should improve the company's access to additional capital," the company says.

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