Shaftesbury says footfall 'robust' over Christmas trading period

Writer, Stock Market Wire
Friday, February 8, 2019 - 07:17

London West End property investor Shaftesbury said footfall at its locations had been 'robust' in the lead up to and including the Christmas and New Year period.

Occupiers generally reported growth in turnover compared with the same period in 2017, chairman Brian Bickell said in speech notes for the company's annual general meeting.

'In contrast to reports of subdued leisure spending nationally, our restaurants, cafes, pubs and bars were particularly busy throughout the festive period,' Bickell said.

For the period between 1 October and 7 February, Shaftesbury said it had experienced 'resilient demand' for its regular space, while occupancy levels remained high.

Lettings, renewals and rent reviews with a rental value of £9.3m had been concluded since 1st, at or above 30 September 2018 estimated rental value.


Related content

Broker Forecast - UBS issues a broker note on Shaftesbury

UBS today reaffirms its neutral investment rating on Shaftesbury (LON:SHB) and raised its price target to 860p (from 815p).

Broker Forecasts data provided by ...

Thu, 26/09/2019 - 11:20


Shaftesbury achieves higher rental values in London's West End

London West-End property investor Shaftesbury said it was continuing to achieve rents at or above estimated rental values, as most of its retail occupiers enjoyed...

Wed, 25/09/2019 - 07:34


Broker Forecast - UBS issues a broker note on Shaftesbury

UBS today reaffirms its neutral investment rating on Shaftesbury (LON:SHB) and cut its price target to 815p (from 960p).

Broker Forecasts data provided by ...

Fri, 09/08/2019 - 10:50


Hammerson yet to nail a catalyst that unlocks value for shareholders

Hammerson’s shares continue to look very cheap on both a dividend yield and net asset value (NAV) basis, its prime outlet sites are proving...

Mon, 29/07/2019 - 13:26


Broker Forecast - Peel Hunt issues a broker note on Shaftesbury

Peel Hunt today upgrades its investment rating on Shaftesbury (LON:SHB) to hold (from reduce).

Broker Forecasts data provided by www.sharesmagazine.co.uk...

Mon, 17/06/2019 - 09:50