Shaftesbury Capital reports strong West End demand, leasing momentum
Shaftesbury Capital PLC (JSE:SHC) announced a positive trading update, reporting strong demand across its West End portfolio. Leasing transactions totalled 128, representing GBP 11.3 million of new contracted rent, 8% ahead of December 2024's estimated rental value (ERV). The annualised rent roll increased by 3% since year-end to GBP 210 million. Occupancy remains high, with only 1.7% of ERV available to let. The company completed its GBP 2.7 billion long-term partnership with NBIM, receiving proceeds of approximately GBP 570 million. Shaftesbury Capital has invested GBP 34 million in acquisitions year-to-date. The company reports significant liquidity with an EPRA loan-to-value ratio of 17% and net debt of GBP 0.7 billion on a proportionally consolidated basis.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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