LONDON (dpa-AFX) - Shaftesbury Plc. (SHB.L), a real estate investment trust, Friday said that with the benefit of its local knowledge and innovative approach to managing assets, it remains confident in the long-term prospects of the business.
The firm said London's West End continues to draw unrivaled numbers of visitors, attracted by its world-class heritage, cultural attractions and exceptional choice of shopping.
The company's strategy is to establish and foster attractive and lively destinations in its central locations in the West End, ensuring its 587 shops, restaurants, cafés and bars provide a wide range of interesting shopping, dining and leisure choices. This brings to its distinctive areas greater footfall and spending, creating prosperous environments for tenants, which support sustained rental growth.
In the company's locations, over the important trading season leading up to Christmas and through to the New Year, visitor numbers have been good, bringing buoyant trading across its shops, restaurants, cafés, bars and pubs.
'Not only are we seeing new requirements for retail, restaurant, leisure and office space from businesses seeking to establish in our areas, but also from existing tenants wishing to expand their operations,' the firm said.
Copyright RTT News/dpa-AFX