NewRiver signs 20-year lease with Gravity MAX for 85,000 sq ft at Cardiff's Capitol Centre

Bitget2026/11/06 10:26

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NewRiver signed a 20-year lease with Gravity MAX for approximately 85,000 square feet at The Capitol Centre in Cardiff.
Annual base rent is £870,000, subject to five-yearly index-linked reviews, with an additional turnover-based rent.
The combined rent is expected to generate an 11% yield on cost.
A £12 million investment will reposition the center as a leisure destination, including fit-out works, restaurant space and parking upgrades.
Construction is underway following planning approval; the venue is expected to open in early 2027, creating around 100 jobs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NewRiver REIT plc published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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华尔街见闻•2026/11/10 23:03