VIENNA (dpa-AFX) - Shaftesbury PLC (SHB.L) said the estimated rental value of wholly owned commercial space available to let at 31 January 2013 amounted to 2.0 million pounds, of which 1.2 million pounds was under offer. Shaftesbury said this low level of available space reflects a particularly busy period for enquiries and letting activity since September. The Group expects an increase in the number of vacant shops in the early months of 2013.
Shaftesbury said available vacant space is at an exceptionally low level with continuing good demand across all its villages and uses. The Group said it has sustained interest from retailers, particularly from Europe and America, seeking shops in its centrally-located villages.
Total debt at 31 January 2013 was 557.0 million pounds, and undrawn committed bank facilities totalled 139.0 million pounds. Shaftesbury said its debt will increase by 23.7 million pounds in February 2013 following completion of recent property acquisitions and payment of the 2012 final dividend.
Copyright(c) 2013 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2013 AFX News
