Coronavirus Latest News

West End landlord Shaftesbury looks to summer revival as it reports £339m loss

Central London property owner hopes end of Covid restrictions will bring rebound in business

The West End landlord Shaftesbury has reported a wider first-half loss but is hopeful that a recovery in central London is under way, with its vacancy rate improving.

The company, which owns 600 buildings in Carnaby, Seven Dials and Chinatown, and also parts of Covent Garden, Soho and Fitzrovia in the heart of the capital, said its pretax loss widened to £339m in the six months to 31 March from £288m a year earlier, as rental income declined by a fifth to £49m.

Continue reading…

Read the original article at The Guardian

Related Articles

Back to top button
Close