From Nasdaq: 2025-05-22 04:10:00

Shaftesbury Capital Plc (SHB.L) has reported strong occupational demand across its portfolio, completing 128 leasing transactions totaling £11.3 million in new contracted rent. Annualized rent has increased by 3% since year-end, reaching £210 million. Occupancy levels are high, with only 1.7% of ERV available to let. New brands like Nespresso and Dolce & Gabbana have established locations within the company’s portfolio. A long-term partnership with NBIM concerning the Covent Garden estate, valued at £2.7 billion, has strengthened Shaftesbury Capital’s financial position with cash proceeds of around £570 million. Additionally, the company has invested £34 million in acquisitions this year, providing opportunities for asset management and rental growth.



Read more at Nasdaq: Shaftesbury Annualised Rent Roll Rises 3% Since Year End