LONDON (dpa-AFX) - Shaftesbury Plc. (SHB.L), in its trading update for the period 1 April 2018 to 27 September 2018, said that vacancy levels in regular space remain in line with long-term average, at or below 3% of ERV. Although the current climate is causing prospective occupiers for larger space to be cautious, in recent months it has made considerable leasing progress in larger schemes in Chinatown and Seven Dials.
Trading across restaurants, cafés, bars and shops has been robust over the summer months. In particular, food and beverage occupiers have benefited from good footfall in locations and the attraction of a wide variety of carefully-curated, innovative casual dining choices.
In the Longmartin joint venture, mixed-use commercial scheme on the corner of Long Acre and Upper St Martin's Lane currently is on track to complete in spring 2019. It will shortly be commencing a scheme to create three new restaurants in St Martin's Courtyard.
The Group said it will announce its results for the year ending 30 September 2018 on 27 November 2018.
Copyright RTT News/dpa-AFX