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Evening Standard
Evening Standard
Business
Michael Hunter

Affordable rent retail landlord NewRiver welcomes business rate relief

The proposed redevelopment of NewRiver’s Grass Shopping Centre in Essex

(Picture: Provided by NewRiver)

A major retail landlord with a national portfolio of shopping centres has pointed to the positive impact of business rate relief ahead of a “challenging” year for the industry.

NewRiver, a real estate investment trust, prioritises affordable rents for tenants providing “essential goods and services,” leaving it well-placed to deal with the pressures faced by consumers dealing with the cost-of-living crisis.

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