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Real estate investment trust NewRiver has announced that Forvis Mazars is to replace PwC as its auditor following a competitive tender process.
PwC, NewRiver’s current auditor, will step down at the 2024 Annual General Meeting. NewRiver said it would like to “extend its appreciation” to PwC for its services as auditor.
It also confirmed that PwC told the company that there were no matters connected with its ceasing to hold office that need to be brought to the attention of the members or creditors of the company for the purposes of section 519 of the Companies Act 2006.
NewRiver has a £540m UK wide portfolio covering 6.1 million sq ft and comprises 24 community shopping centres and 12 retail parks occupied by tenants predominantly focused on essential goods and services.
In addition it manages 18 retail parks and 5 shopping centres on behalf of Capital Partners, taking its total Assets Under Management to £1.3bn.
The news comes after Forvis Mazars recently appointed Tatham Crawford-Lennox as its new director of people and culture in the UK.
In leading the firm’s people and culture division, Crawford-Lennox will oversee a team of over 80 people and build upon the firm’s progress in creating a “diverse, inclusive and engaged team that prioritises quality”.
A chartered occupational psychologist with experience in shaping HR strategy and company culture in large organisations, Crawford-Lennox joined the firm also from PwC.
