RI UK 1 Limited acquired Kittybrewster Retail Park in Aberdeen and Glendoe and Telford Retail Parks in Inverness from PAF Lux SCA, SICAV-RAIF - PAF Bravo III - Compartment, NewRiver REIT plc (LSE:NRR) for £62.6 million on June 27, 2023. The assets generated net rental income of £5.7 million, during FY23 and had a gross asset value of £64.4 million at March 31, 2023. The sale proceeds will be used to reduce NewRiver's net debt as at March 31, 2023 by £31.8 million to £169.5 million on a proforma basis which reduces NewRiver's LTV as at March 31, 2023 to 30.3% on a proforma basis. Lorna Edwards, Jo Owen, Lisa Kerr, Alistair Drummond, Craig Hunter, Allan Leal, Drew Wallace, Mark Burgess, Gordon Clark, Ross Corser, Callum Swanson, Jodie Montagnon, Wing Tang, Melody Brunot, Nadia Gehlen, Rory Paterson, Stephen Malley, Clément Bourdon, Toby Barker, Scott Ferrier, Dhaksha Giga, Lotte McGuire, Nick Hinton, Sandie Wang, Edwin Truesdale, Laura Howard, Thomas Carr, Chris Robinson, Ennis McCreadie, Rob Salter, Marceau Visano, Lina O'Gorman, Amy Watson, Jordan Reinert and Rob Salter of DLA Piper UK LLP acted as legal advisors for

RI UK 1 Limited completed the acquisition of Kittybrewster Retail Park in Aberdeen and Glendoe and Telford Retail Parks in Inverness from PAF Lux SCA, SICAV-RAIF - PAF Bravo III - Compartment, NewRiver REIT plc (LSE:NRR) on June 27, 2023. Benjamin Hendry of CMS Legal Services EEIG acted as a legal advisor to NewRiver REIT plc.