In a trading update ahead of its AGM later today (14 May), the West End landlord says it has completed 151 leasing transactions in the year to date and that it is ‘well-positioned’ for growth, expansion and investment.
This figure represents £13.7m of new contracted rent, 5% ahead of December 2025 estimated rental values (ERV) and 18% above previous passing rents. Only 2.5% of ERV is available to let and an additional 1.2% is currently under offer.
Over the period from 1 January to 30 April 2026, Shaftesbury Capital says it has made progress on asset management and refurbishment initiatives, with £12.3m of ERV across 149,000 square feet under refurbishment, representing 4.6% of portfolio ERV.
“Shaftesbury Capital has made a positive start to 2026, demonstrating the strength and resilience of our prime West End portfolio,” says Ian Hawksworth, chief executive of Shaftesbury Capital.
“Despite an uncertain geopolitical backdrop, our portfolio continues to perform well.
“There continues to be competitive demand for space in our high-footfall destinations.”
“With high occupancy, a strong leasing pipeline and backed by a very strong balance sheet, we remain confident in achieving our medium-term targets.”