Shaftesbury posts strong trading

Shaftesbury has announced strong trading in the four months ending 3 February – despite impact of Omicron.

The group’s debt fell from £748.5m to £740.5m whilst the group made investments of £18.5m.

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Chief executive Brian Bickell said: “Robust occupier interest across all our uses and in each of our locations has continued throughout the period, our vacancy levels are trending lower towards pre-pandemic levels and rent collection rates continue to improve.”

“The unrivalled attractions and lasting appeal of the West End to both local and domestic audiences, together with our curated, differentiated and affordable locations, will underpin both our continuing post-lockdown revival and our long-term resilience and prospects in the months and years ahead,” he added.

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