LONDON (dpa-AFX) - Shaftesbury Plc (SHB.L) said it expects its portfolio, underpinned by the West End's unique features, will continue to deliver long term out-performance in income growth and capital values. Retail trading and demand for shops across the group's villages remains good.
The company noted that trading in London's West End has been buoyant throughout the important Christmas and New Year period, with resilient visitor numbers and spending. Within Shaftesbury's portfolio, occupancy continues at historically high levels and demand is good for all uses.
At 31 January 2012 the total estimated rental value of the 54 thousand sq. ft. of vacant wholly owned commercial space amounted to 2.6 million pounds, equivalent to 3.4% of the group's total commercial estimated rental value.
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© 2012 AFX News
