Shareholder feud mounts as Samuel Tak Lee plans to vote against re-election of Shaftesbury bosses February 7, 2019 The war of words between one of London’s largest landlords and a Hong Kong billionaire has escalated this morning in the run-up to an investor showdown set to take place tomorrow. Samuel Tak Lee, who owns a 26 per cent holding worth £700m in West End property group Shaftesbury, has revealed today that he will [...]
Norges moves up on rival Sammy Tak Lee after upping its stake in Shaftesbury Group November 22, 2018 Norges Bank Investment Management (NBIM) has upped its holding in West End landlord Shaftesbury for the second time in a fortnight, escalating a power tussle between the sovereign wealth fund and rival shareholder Sammy Tak Lee. The Norwegian fund increased its holding in the FTSE 250 group from 22 per cent to 23.15 per cent [...]
Property bosses clamp down on the white van man in bid to protect London business October 7, 2018 London’s landlords are declaring war on vehicle deliveries, amid fears that overcrowded and polluted streets are jeopardising business. Property heavyweights fear that worsening congestion is driving commuters, shoppers and tourists away from major destinations in the capital, as the rise of online purchasing leads to ever more delivery vans, motorbikes and lorries. Moves to pedestrianise [...]
August 2015 TfL Tube strike update: Action could cost London retailers and restaurants millions as footfall tipped to fall 10 per cent August 5, 2015 Shops, restaurants and bars in London are bracing themselves for a sharp drop in footfall and bookings as a result of the Tube strike, which starts at 6:30pm tonight and will run throughout Thursday. The British Council of Shopping Centres (BCSC) said that on the day of the last strike on 9 July, London shopping [...]
Investment into Europe property hits record high March 10, 2014 INVESTORS from outside of Europe spent a record €36bn (£30bn) on European real estate last year, with US, Asian and Middle Eastern investors leading the charge. According to research released today by DTZ at Mipim, the property’s industry annual conference in Cannes, this represented a 26 per cent share of total volumes invested across the [...]
Shaftesbury sees income growth on West End sites May 25, 2011 LONDON landlord Shaftesbury yesterday posted a first-half rise in underlying net asset value and said it was confident of maintaining outperformance in its income, dividend and capital growth. In the six months to 31 March, the company posted a 5.3 per cent rise in underlying net asset value (NAV) per share to 436p, partly on [...]
Shaftesbury raises cash to expand March 3, 2011 LONDON landlord Shaftesbury yesterday tapped investors for £102m in a share placement to help fund acquisitions as more assets come up for sale in its core West End market. The real estate investor, which owns more than 500 shops, restaurants and bars in the West End, said it had placed 22.7m new ordinary shares at [...]
Shaftesbury keen to buy after slump December 1, 2009 THE LONDON landlord Shaftesbury reported a fall in the value of its property last year, but forecast improving demand and more acquisitions. Shaftesbury, which owns more than 450 properties focused in the West End, said its portfolio was worth £1.21bn at the end of September, down 3.8 per cent against a year ago after falls [...]