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.


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