Shaftesbury weathers Omicron disruption and reports a strong rebound February 4, 2022 Shaftesbury, the owner of several buildings in London’s West End, has reported a strong rebound despite the impact of Omicron. In the four months ended 3 February, the firm announced that strong strong trading prior to restrictions and ongoing government support measures helped Shaftesbury weather Omicron-induced disruptions. The firm’s net debt went down 1.1 per [...]
West End landlord Shaftesbury posts smaller annual loss thanks to retail rebound November 30, 2021 West End commercial landlord Shaftesbury posted a smaller annual loss thanks to its hospitality and retail firm tenants rebounding after lockdown. “There has been great progress on Shaftesbury’s road to recovery in recent months,” chief executive officer Brian Bickell said in a statement yesterday. However, he cautioned that there was “still further to travel before [...]
Full reopening key for West End landlord Shaftesbury after its £338m loss over winter lockdown May 25, 2021 West End landlord Shaftesbury banking on a summer revival after its £338m loss over winter lockdown
Retail landlord Shaftesbury expects West End ‘revival’ as lockdown lifts February 25, 2021 West End landlord Shaftesbury this morning said occupier interest had improved after the lockdown lifting roadmap was announced, saying the easing of restrictions will herald a “revival” of the London’s theatre and shopping district. However, the FTSE 250 developer said current restrictions were continuing to have a “significant impact on economic activity and consumer spending [...]
The week ahead, 14-18 December: Shaftesbury, SSP, Petrofac, and interest rates December 13, 2020 All eyes will be fixed firmly on Brussels this week, as businesses across the country hold their breath to see if the UK can finally reach a deal with the EU. With markets on edge as they await the outcome of the talks, there’s little to distract traders, with only a handful of firms reporting [...]
Shaftesbury taps investors for £300m as pandemic batters West End October 22, 2020 West End landlord Shaftesbury will tap investors for £300m amid a sharp downturn in central London footfall during the coronavirus pandemic. The property firm announced today that it intends to raise around £297m through a discounted offer of new shares, with the potential to raise £307m dependent on investor appetite. Shaftesbury, which owns 16 acres [...]
Shaftesbury collects less than half of owed rent since pandemic began September 25, 2020 The real estate investment trust, Shaftesbury, has collected just 41 per cent of rent in the six months ending 30 September, it said. Shaftesbury, which owns a 16-acre property portfolio in the heart of London’s West End, has also decided not to declare a final dividend for the year ending 30 September 2020 as a result. It said it [...]
Shaftesbury swings to £287m first half loss as coronavirus hits property value June 10, 2020 West End landlord Shaftesbury has swung to a £287m first half loss, as the value of its estate plummeted in the wake of the coronavirus crisis. The company, which has a portfolio of restaurants, pubs, shops, and workspaces in central London, said that the store closures brought about by the nationwide lockdown had affected tenants’ [...]
Property firm Capco in talks to buy major stake in rival Shaftesbury May 29, 2020 Property development firm Capital & Counties (Capco) today confirmed it is in discussions to snap up a 23.6 per cent stake in rival Shaftesbury. The two firms own swathes of neighbouring property in the West End and the talks have sparked further speculation of a merger. The discussions, first reported by React News, are centred [...]
Samuel Tak Lee announces plan to vote against Shaftesbury’s board at AGM January 21, 2020 Billionaire property magnate Samuel Tak Lee announced today he will vote against West End landlord Shaftesbury’s board at a meeting this month, as a long running dispute between the pair rumbles on. Lee, the owner of rival London landlord Langham Estate, is the largest shareholder in Shaftesbury, and launched legal action against the firm [...]