London West End portfolio continues to drive positive results for Shaftesbury Capital

SHAFTESBURY Capital has gone through another period of positive performance with its London West End portfolio seeing high occupancy, footfall and sales volumes, chief executive Jan Hawksworth said Tuesday.

- EDWARD WEST

He said in a trading update for the period July 1 to October 31, 2025, that 367 transactions have been completed year-to-date, well ahead of ERV (estimated rental value) and previous passing rents.

On the JSE in the afternoon, the share price was 0.49% lower at R32.22 - the price traded at R31.37 a year before.

"As customers continue to prioritise the highest quality locations, enduring demand for our exceptional portfolio together with strong performance and a healthy leasing pipeline give us confidence in our medium-term targets," he said.

The 367 leasing transactions representing £30.2 million of new contracted rent in aggregate 9% ahead of December 2022 ERV, and 14% ahead of previous passing rents.