Finance

Shaftesbury rides out Brexit and retail storms

By 2019-05-21T07:25:00

Carnaby Street

West End property group Shaftesbury defied the downturn in the fortunes of the high street by posting a small rise in net asset value (NAV) for the first six months of the year.

The owner of the 15-acre Soho, Carnaby Street, and Covent Garden estate posted a 0.4% rise in NAV to £9.95 for the half-year to the end of March, while net property income up 5.2% to £48.6m following a 6.4% like-for-like increase in rents receivable.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue