Member Article

Acquisitions total £28m for West End of London property investor Shaftesbury

Property investment company Shaftesbury oversaw over £28m worth of investment deals in London’s West End in the last four months, the company announced today.

The firm, which boasts 574 shops, restaurants, cafes and pubs in its portfolio, focused its acquisitions in and around the fashionable luxury shopping district of Seven Dials and in Soho.

Recent additions to the retail lineup at Seven Dials this year include new dining concept SaladPride and luxury designer fragrance brand Le Labo.

In total, the investment company’s acquisitions included shops totalling 5,400 sq ft, 4,700 sq ft of restaurants, 2,900 sq. ft. of offices and 2,100 sq. ft. of residential properties, all acquired since the beginning of October last year.

In a statement released to the London Stock Exchange today, the company said: “An unrivalled variety and quality of attractions, coupled with a large and important local working population, support the prosperity of London’s West End and our centrally-located portfolio.

“The weeks leading up to, and throughout Christmas and New Year, are traditionally an exceptionally busy period, bringing additional visitors and spending to the West End.

“Although national trading reports have been mixed, we have seen in our areas robust footfall numbers and spending. Sustained buoyancy in the local economy underpins continued strong tenant demand across all uses and in each of our locations.”

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