Shaftesbury boss assures that London’s slipping footfall will be over soon July 18, 2022 The boss of West End landlord Shaftesbury Capital has assured that despite falling footfall levels in London’s heat, it will not be for long. “People are going to avoid city centres because they’re the hottest places,” Brian Bickell told City A.M. today, adding that “By the weekend people will be back to doing the things [...]
West End: Capco, Shaftesbury bosses to receive millions in shares after merger July 10, 2022 Top bosses at Covent Garden estate owner Capital & Counties Properties (Capco) and Shaftesbury will be awarded millions in shares after the merger between the two companies is completed. Capco’s top brass will receive shares amounting to £7.4 million while Shaftesbury’s senior executives will receive shares worth £5.3 million. The £3.5bn merger will see the [...]
West End landlords Shaftesbury and Capco push ahead with £3.5bn merger June 16, 2022 West End landlords Shaftesbury and Capital & Counties Properties (Capco) have agreed to push ahead with a £3.5bn merger, which will see much of London’s beloved theatre district fall under one wing. The merger, which had raised the eyebrows of one investor, will see shareholders receive 3.35 new Capco shares for each Shaftesbury share. Combining [...]
No deal agreed by Capco and Shaftesbury yet as West End landlords ask for more time May 30, 2022 Shaftesbury has asked for an extension to a deadline for rival Capco to make an offer for the West End landlord. The two property titans have been in advanced discussions for an all-share merger, it was announced on 7 May. The £3.5bn merger would create a sprawling real estate empire across central London destinations including [...]
David Mitchell on acting, cancel culture and why the internet is evil May 25, 2022 On 15 March 2020, David Mitchell took a bow following what he reckoned was the best performance yet of The Upstart Crow, the West End version of Ben Elton’s sitcom about William Shakespeare. The next day the country went into lockdown. “I found the pandemic pretty bleak, really”, says the comedian and panel show host. [...]
West End landlord Shaftesbury reaps rewards of London’s exploding rents May 24, 2022 West End landlord Shaftesbury has reaped the rewards of exploding rental growth in London, as its portfolio valuation swells as the new Elizabeth line is unveiled. The real estate investment trust raked in nearly £19m in rent in the six months to 31 March, as its offices, hospitality and leisure, retail and residential portfolio increases [...]
West End: Shaftesbury investor raises concern with £3.5bn merger with rival Capco May 15, 2022 Concerns have been raised over West End landlord Shaftesbury’s planned £3.5bn merger with rival Capital & Counties Properties (Capco), by a key investor. Shareholders could be left worse for wear, Chris Hills, chief investment consultant at Investec, which has a 1.65 per cent stake in Shaftesbury, told The Times. As Shaftesbury trades at just an [...]
London’s rebound gets a boost but rest of UK should garner attention May 9, 2022 Crossrail opening and the Bank branch of the Northern line coming back into action within the space of a fortnight? Ambassador, you are spoiling us. Both are great news for the capital’s rebound from the pandemic, and in the case of the Northern line it’s particularly so for the Square Mile. It would perhaps be [...]
West End landlords Shaftesbury and Capco eye £3.5bn merger May 7, 2022 Two major London property firms are in talks about a £3.5bn merger to create an extensive real estate empire in London's West End.
Canadian investment group bets on London for sparkly European HQ May 5, 2022 Canadian investment group CDPQ has bet on London for its European headquarters, in a decade-long vote of confidence in the capital. CDPQ, also known as Caisse de dépôt et placement du Québec, passed up on a Parisian HQ – unlike those at crypto platform Binance. The glittering lights of Carnaby and Soho have caught the [...]