Shaftesbury Capital news and archive

London's West End properties boost Shaftesbury Capital's valuation

Shaftesbury Capital, UK-based property developer, reported an increase in portfolio valuation for the year ending December 31, despite challenging macroeconomic conditions, as its London West End properties continued to perform well. The company’s portfolio—spanning Covent Garden, Soho, Carnaby Street, and Chinatown—was independently valued at...

Retail|Beauty

Charlotte Tilbury to “significantly” upsize Covent Garden store

Beauty brand Charlotte Tilbury has confirmed it will “significantly” upsize its flagship store in Covent Garden, London, following what it calls “stellar success” at the location. In a statement, Charlotte Tilbury said it would be relocating from its neighbourhood boutique to a larger, more prominent anchor unit on the corner of the Royal Opera...

Retail|Beauty

Elemis opens first standalone store in the UK

Beauty brand Elemis has opened its first UK store in Covent Garden’s Seven Dials to showcase its spa heritage and 360-degree approach to skin wellness. The 1,000 square foot store, located at 23 Monmouth Street, has been designed to bring Elemis’ “feel-good skincare" to life and offers customers an immersive environment with interactive features...

Retail

Labrum to open pop-up in London

British African menswear brand Labrum is opening a pop-up store in London’s Soho “in the coming weeks”. Labrum, founded by Foday Dumbuya, is currently celebrating its 10th anniversary and has become known for blending traditional tailoring techniques with West African culture. In 2023, the British label won the Queen Elizabeth II Award for...

Retail

Pangaia to open first standalone in the UK

Material science company Pangaia will open its first standalone UK store on Carnaby Street, London, this summer. The 1,500-square-foot store will be located at 57 Carnaby Street in a prime retail position alongside retailers such as End, Adidas Originals, and Axel Arigato. The store will offer the brand’s genderless apparel while showcasing...

BusinessMember

Shaftesbury Capital swings to profit in 2023

Real estate group Shaftesbury Capital said net profit for the year totalled 750.4 million pounds compared with a loss of 211.8 million pounds in 2022. The company, which owns 2.9m sq. ft. of lettable space across Covent Garden, Carnaby, Soho, Chinatown and Fitzrovia, witnessed strong leasing activity with 526 leasing transactions completed...

Retail|In Pictures

Wolf & Badger opens new London flagship

UK multi-channel retailer Wolf & Badger, which offers ethical, unique and independent brands, has opened its new UK flagship store in Soho, London. Wolf & Badger’s new 1,400-square-foot unit at 102 Berwick Street offers more than 100 independent and sustainable brands covering womenswear, menswear, jewellery, accessories, and homeware. The space...

People

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...

Retail|Beauty

Creed opens new flagship in Covent Garden

Luxury perfumier Creed has opened its latest flagship store in Covent Garden, London, unveiling a new store design and its third standalone boutique in the UK. Situated on 14 King Street, the new 365 square-foot store from the luxury perfume house showcases its most extensive product range yet, including rare exclusives, alongside a welcoming...

Retail

Shaftesbury understood to be mulling sale of Fitzrovia properties

London landlord giant Shaftesbury Capital is believed to be mulling a sale of all of its properties in the city’s Fitzrovia area, where it currently owns around 100,000 square feet of property. This comes according to Ian Hawksworth, Shaftesbury’s chief executive, who said that the properties in the area did not meet the company’s “investment...

BusinessMember

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...

BusinessFeaturedMember

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...