NewRiver confirms plans for Birmingham shopping centre redevelopment

RETAIL REIT NewRiver has confirmed it is to press ahead with the major redevelopment of a Birmingham shopping centre.

The investment trust announced to the London Stock Exchange today that following planning permission from Birmingham City Council it intended to begin work on the Central Square Shopping Centre in Erdington as soon as possible.
The 45,000 sq ft centre was acquired by NewRiver in 2010 as part of a $53m portfolio of five shopping centres. The redevelopment will provide for a new 25,000 sq ft su... For the full story register now for free or login below...