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IN BRIEF: Shaftesbury Capital delivers another positive performance

ALN

Shaftesbury Capital PLC - real estate investment trust investing in commercial properties in the London West End - Says it completes 367 leasing transactions for the 10 months to October 31, representing £30.2 million of new contracted rent in aggregate 9% ahead of December 2024 estimated rental value and 14% ahead of previous passing rents. Says 174 transactions representing GBO11 million are completed from July 1 to October 31, 4.3% ahead of June 2025 estimated rental value and 10% ahead of previous passing rents.

Shaftesbury notes that the West End portfolio is well-positioned for the Christmas trading period and beyond, while there is strong momentum across Covent Garden. ‘We are pleased to report another period of positive performance, with continued momentum across the portfolio,’ Shaftesbury Chief Executive Officer Ian Hawksworth says. Hawksworth says the company is confident of medium-term targets, given a ‘healthy’ leasing pipeline.

Current stock price in Johannesburg: R 32.38

12-month change: up 3.6%

Stock price in London: 142.10 pence

12-month change: up 4.0%

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