Sammy Tak Lee reignites feud with West End landlord over freedom to raise cash January 29, 2019 Hong Kong billionaire Sammy Tak Lee has ratcheted up a shareholder feud at one of London’s biggest landlords this morning, after telling investors to vote against resolutions that would allow the company to raise money through allocating more shares. West End property group Shaftesbury is bracing itself for its second investor revolt in two years after Lee, [...]
‘Business as usual’ as West End landlord Shaftesbury Group defies retail woes November 27, 2018 West End owner Shaftesbury Group reported higher take-up and rising asset values this morning, defying the retail gloom that has been forecasted for many of Britain’s high street landlords. The Chinatown and Carnaby Street property group posted lower vacancies across its £3bn portfolio, with net income rising by 6.2 per cent to £93.8m in the [...]
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 [...]
West End retailers ‘hit by staff shortages’ as property boss urges action on visa rules September 24, 2018 London’s renowned West End retail economy is under threat from staff shortages, according to the boss of one of the area’s largest investment firms. Shaftesbury Group’s chief executive Brian Bickell, whose £3.86bn FTSE 250 property company represents nearly 600 West End businesses, told City A.M. that a combination of tight visa restrictions and uncertainty around EU [...]
Shaftesbury bolstered by West End property investment boom November 27, 2014 SHAFTESBURY has seen the value of its West End estate soar over the past year, thanks to booming investor interest in London’s prime property market. The FTSE 250 landlord, which owns hundreds of properties around Carnaby Street, Covent Garden, Chinatown, and Soho, posted a 25.7 per cent jump in net asset value per share to [...]
Shaftesbury reaps the benefits of a buoyant West End market May 19, 2014 WEST END landlord Shaftesbury enjoyed a 47 per cent jump in profits in the first half, buoyed by tourists and Londoners flocking to its restaurants and shops in the West End. The company, which owns 575 properties around Carnaby Street, Covent Garden, Chinatown, Soho and Charlotte Street, said pre-tax profits rose to £120.5m in the [...]
Shaftesbury announces £135m loan with Canada Life Investments April 22, 2014 West end landlord Shaftesbury has announced a £135m 15-year loan with Canada Life Investments (CLI) and completion of refinancing with Lloyds Banking Group. The loan is set to be repayable in full maturity in May 2029, and has been secured on properties held in a subsidiary company. The deal will have a fixed interest rate [...]
Shaftesbury snaps up Jaeger’s West End headquarters for £31m March 24, 2014 WEST END landlord Shaftesbury has bought the headquarters of luxury fashion brand Jaeger for £31m just weeks after raising £156.6m to fund its buying spree. Shaftesbury said yesterday it has acquired Jaeger House at 57 Broadwick Street from rival developer Derwent London for £30.75m. The 1970s block sits between Shaftesbury’s two estates – known as [...]
Shaftesbury extends property holdings with Jaeger House acquisition March 24, 2014 Property firm Shaftesbury has acquired Jaeger House, 57 Broadwick street, for £30.7m. The building is on the eastern boundary of Shaftesbury's ownership of 4.1 acres in Carnaby. The company said Broadwick street is increasingly important east-west pedestrian route through Soho, connecting Carnaby and Berwick streets. Shaftesbury's holdings in Carnaby and Soho have a combines value [...]