By David Parsley2020-06-10T08:10:00
Shaftesbury has warned that at least half its rent may not be collected in the second half of its financial year as the Carnaby Street owner reported a drop in the value of its portfolio as a result of the Covid-19 health crisis.
The value of Shaftesbury’s wholly owned properties fell 7.9% to £3.5bn during the six months to the end of March. The group, which also owns Chinatown, swung to a loss of £287.6m from a £38.7m pre-tax profit a year earlier.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.