Arcadia's creditors backed a restructuring of the Topshop to Burton group earlier this week. That sparked one of the investment trusts with exposure to Sir Philip Green's retail empire to try to reassure investors about the impact on its financial position on Friday.
NewRiver REIT (real estate investment trust) said that its rental exposure is limited to £363,000, which represents 0.3% of its gross income, and that there will be no reduction to this rental income as a result of the restructurings.
Creditors, including landlords, backed a series of Company Voluntary Arrangements which will trigger the closure of 48 stores and rent reductions on others.
NewRiver says it specialises in buying, managing and developing retail and leisure properties throughout the UK. Its shares, part of the FTSE 250, are up 1% at 191p but were trading above 230p a month ago.