NewRiver has appointed Lambert Smith Hampton as managing agent on a UK and Ireland shopping centre and leisure portfolio extending to more than 1.7m sq ft. The instruction comprises seven shopping centres and two retail parks amongst other retail and leisure assets including Abbey Centre in Belfast, Priory Meadows in Hastings and The Avenue in Newtown Mearns, Glasgow.
NewRiver’s £1.3 bn portfolio of convenience-led retail and leisure assets includes 33 shopping centres, 20 retail warehouses, 15 high street assets and a portfolio of 340 pubs.
Director Emma Mackenzie, said: “LSH has a specialist and highly experienced property management team with considerable expertise across the UK and Ireland. Their innovative approach and enthusiasm will add value to our assets and we very much look forward to a positive and productive long-term relationship.”