New Frontier Properties Limited (JSE:NFP)
New Frontier Properties Limited (JSE:NFP) is a real estate investor. The company acquired its first two retail properties in April 2015 when it bought the Cleveland Centre in Middlesbrough and Coopers Square in Burton upon Trent (both in the UK).
In September 2015, it acquired Houndshill Shopping Centre in Blackpool. In October 2017, New Frontier acquired a modern warehouse unit at Stadium Business Park in Dublin, Ireland.
New Frontier’s investment strategy, previously focused on high quality, income-generating shopping centres, has now expanded to include logistics and warehousing properties occupied by the growing online retail sector, in the UK and mainland Europe. Preference will be given to logistics and warehouse assets in the UK, Germany, Austria, Slovakia, Czech Republic, Poland, Ireland and Benelux.
New Frontier aims to grow its portfolio to £1bn within the next three to five years.