The £231m NewRiver Reit has been granted an extension to the deadline for it to either firm up its interest in acquiring Capital & Regional or to walk away from a potential deal.
An expression of interest was first announced on 23 May, with the firm having until 5pm today (20 June) to announce a firm intention to make an offer.
In a stock exchange announcement this morning (20 June), the Capital & Regional board said the new PUSU deadline means NewRiver will have to state its intentions by 18 July.
Back in May, the Capital & Regional Reit board also noted that majority shareholder Growth Point Properties Limited had received a ‘preliminary expression of interest’ from Vukile Property Fund Limited on 19 April.
