Full energy overhaul to be implemented ahead of the company’s move to the London Stock Exchange
NewRiver Retail has appointed Cushman & Wakefield’s Strategic Energy & Sustainability (SES) Team as its new advisor. One of the UK’s largest owner/managers of shopping centres, NewRiver Retail is a leading specialist retail, real estate investment trust (REIT), with a £1 billion UK portfolio, comprising 29 shopping centres, 19 retail warehouses, 16 high street assets and 360 pubs.
The SES team’s first task for NewRiver Retail will be to tender the company’s utility procurement services and streamline its energy procurement activities. The team will then create a Responsible Property Investment (RPI) strategy for NewRiver Retail in preparation for its move to the main market of the London Stock Exchange.
Alan Somerville, Head of Strategic Energy & Sustainability EMEA, Cushman & Wakefield said, “We are looking forward to working with the NewRiver Retail team. The company has an exciting retail property portfolio and real drive to enhance asset performance.”
Emma Mackenzie, Director, NewRiver Retail said, “At NewRiver we strive to deliver real value to all of our stakeholders from investor to retailer, consumer and local authorities, taking a very hands-on approach. With a portfolio of over £1 billion, a focus on responsible energy and sustainability is an important part of our management strategy and we are pleased to be working with Cushman & Wakefield to deliver results in this area.”
Cushman & Wakefield’s SES team advises a wide range of investment funds in the creation, operation and benchmarking of their RPI strategies. These include DTZ Investors, Henderson, Schroders, Ardstone, M&G & Canada Life.