Shaftesbury said that buoyant market conditions during Christmas and New Year led to record levels of activity in West End cinemas, museums and theatres.The tourist boom made shops and restaurants in the area to secure new lettings at higher rents than expected by the company.
Net rental income climbed 12 per cent to settle at 69.2 million pounds. Total estimated rental value of commercial vacancies decreased from 3.2 million pounds in September last year to 2.5 million pounds per year.
The company said its total vacant space dropped from 70,000 sq metres to 55,000 sq metres.
Shaftesbury has also named British Fashion Council’s CEO Hilary Riva as its non-executive director.
The company said its total vacant space dropped from 70,000 sq metres to 55,000 sq metres.
Shaftesbury has also named British Fashion Council’s CEO Hilary Riva as its non-executive director.
Shares in Shaftesbury shed 2.9p to close at 376.7p-a-share.
0 comments:
Post a Comment