Shaftesbury news and archive

Shaftesbury announces board changes

Shaftesbury Capital has announced a number of changes to the composition of its board. The company said in a statement that following the announcement of the departure of the chief operating officer on December 22, 2023, non-executive directors Anthony Steains, Jennelle Tilling and Helena Coles will step down from the board with effect from 31...

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Shaftesbury Capital hails ‘positive’ West End trading as tourists return

British property giant Shaftesbury Capital announced Thursday that its West End locations have experienced a “positive” first half of the year as international visitors flocked back to stores. The landlord, which was hit hard in recent years by lockdowns and low footfall, said customer sales across its portfolio are 15 percent ahead of...

ManagementFeatured

UK landlords Shaftesbury and Capco complete merger

West End London landlords Shaftesbury and Capital & Counties, known as Capco, have completed an all-share merger to form a new combined property group called Shaftesbury Capital. The new group has a portfolio valued at 4.9 billion pounds, with 2.9 million square feet of lettable space located in some of the most iconic parts of London’s West...

Retail

Shaftesbury partners with Good On You to help guide sustainable practices

Real estate firm Shaftesbury has announced a new partnership with Good On You, a sustainability ratings company, to help guide it in driving sustainable practices and selecting more sustainable brands. The landlord, which operates various retail destinations across London’s West End, said that through the partnership it will provide information...

Retail

Stetson to open debut UK flagship store

Heritage hat brand Stetson is opening its first UK flagship store in Seven Dials, Covent Garden in London in mid-February. Located at 58 Neal Street, the new store will span 1,165 square feet and will include an eclectic range of the brand’s signature styles, from its authentic Western wear to country-style outdoor fashion, timeless classics and...

ManagementFeatured

Shaftesbury hails ‘rapid rebound’ in West End economy

London’s iconic West End has enjoyed a “strong recovery” in footfall and spending following the end of lockdowns as deep-pocketed shoppers flocked back to physical stores. Shaftesbury, the property giant that owns a 16.4-acre portfolio in the popular luxury shopping hub, said average monthly sales for its retailers are now 6 percent ahead of...

Retail

Australia’s Ksubi to open first UK store

Streetwear brand Ksubi is set to make its standalone retail debut in the UK, with plans to open its first store in the region on London’s Carnaby Street. In a deal made by the area’s real estate manager Shaftesbury, the Australian brand’s new flagship will be located in a 2,132 square foot space, designed by retail design firm Brinkworth. It is...

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UK landlords Shaftesbury and Capco agree to merge

West End landlords Shaftesbury and Capital & Counties Properties have agreed to merge. The two property giants announced Thursday they had reached an agreement on the terms of a recommended all-share merger. Under the terms of the merger, Shaftesbury shareholders will own 53 percent of the combined group, while Capco shareholders will own 47...

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Landlord Shaftesbury acquires Soho leasehold for 27.5 million pounds

London-based real estate investment trust Shaftesbury has acquired a 200 year ungeared leasehold interest in the lower floors of 92-104 Berwick Street, Soho, for 27.5 million pounds. The interest comprises around 15,600 square feet of retail space and around 3,600 square feet “suitable for restaurant accommodation”, all of which will be...

Retail

Shaftesbury and Capco confirm “advanced discussions” for potential 3.5 billion pound merger

London real estate giants Shaftesbury and Capco have confirmed they are currently in “advanced discussions” for a potential all-share merger that would see the duo bring together an expansive combined retail portfolio. In a press release from Shaftesbury, the firm stated that the merger would result in a Real Estate Investment Trust focused on...

Retail

American Eagle and Aerie Carnaby store openings fall through

The highly anticipated UK store debuts for American Eagle and Aerie have been scrapped after the brands’ licensee company AEO EU descended into liquidation in January. The US fashion brands were set to open their first stores in the country at London’s Carnaby location in December. However, the brands’ owner American Eagle decided to terminate...

Retail |In Pictures

Rowing Blazers opens debut UK store

Cult American clothing brand Rowing Blazers, known for its irreverent take on preppy clothing, has opened its debut UK store in Seven Dials, London. Located at 16 Earlham Street, the pop-up spans 872 square feet and features a curated product edit from its autumn/winter 2021 collection, including rugby shirts, knitwear, jackets and accessories,...