Why London’s commercial property sector is finally booming back Property After a torrid few years, sentiment in London’s commercial property market appears to be improving.
London’s West End gets welcome boost with return of foreign tourists property An influx of foreign tourists over the past 12 months has delivered a boost for the West End's biggest landlord, Shaftesbury Capital, as it reveals its first financial results since its £3.5 bn takeover last year.
West End landlord Shaftesbury Capital cheers low vacancy rates in boost for London Property West-End landlord Shaftesbury Capital reported positive earnings and low vacancy rates during the full year.
Shaftesbury Capital: West End’s ‘resilience and appeal’ drives 12 per cent jump in footfall November 27, 2023 The amount of people spending on the West End i is up 12 per cent on last year, West End Landlord Shaftesbury Capital has said.
Shaftesbury Capital abandons Fitzrovia portfolio sale due to low bids November 21, 2023 West-End landlord Shaftesbury Capital has abandoned plans to sell a portfolio of properties in London’s Fitzrovia district after bids reportedly fell short of expectations. Now the real estate giant is plotting a move to sell the units individually or in smaller groups, a report in Bloomberg said, in the hopes that this will help generate [...]
Shaftesbury secures £200m loan as property giant juggles debt arrangements August 14, 2023 Newly formed London property giant Shaftesbury Capital has launched a new 10-year loan of £200m secured against a portfolio of assets within the Carnaby estate. The major London landlord said the financing highlights the “attractiveness” of the company’s mainly retail and leisure portfolio to a “broad range of institutional capital”. The loan will sit alongside [...]
Shaftsbury integration ‘progressing well’ in vote of confidence for booming London west end June 14, 2023 Shaftesbury delivered a confident update to the markets, as a return to international tourism and its £4.9bn merger with Capco helped boost activity London’s West-end. In March last year, the two West-end landlords merged, meaning that Shaftesbury who owns land around Soho and Capco who owns land around Covent Garden now operate under one ownership. [...]
‘Thousands of jobs at risk’: Bar bosses despair over fresh Christmas rail strikes December 6, 2022 Pub and bar bosses were last night left despairing over a slew of fresh strike dates, which fall over Christmas. Rail union RMT announced three more days of walk-outs on Monday night, with workers set to strike from 6pm on Christmas Eve to 6am on 27 December. Industrial action had already been planned on 13, [...]
London venues warn they will haemorrhage sales if rail strikes go ahead this Christmas December 5, 2022 London restaurants have warned they will haemorrhage sales should planned railway strikes go ahead this month, as union bosses rejected a new pay offer over the week. Searcys champagne bar and restaurant chain, which has venues at the Gherkin and St Pancras International station, said it was worried it would take a 30 per cent [...]
Shaftesbury back in the black as West End landlord sees ‘rapid rebound’ in shopping destination November 29, 2022 West End landlord Shaftesbury has swung back to profit as the capital’s retail heartland bounced back from Covid-19 disruption this year. The landlord, which is set to merge with neighbouring property giant Capital and Counties next year, shared a £119.1m profit after tax in full-year results. This was a strong come-back for the Carnaby, Seven [...]