 | |
| Company type | Public |
|---|---|
| Industry | Real estate |
| Founded | 1986 |
| Headquarters | London, United Kingdom |
Key people | Jonathan Nicholls,Chairman Brian Bickell,CEO Simon Quayle, Property Director Tom Welton, Property Director Chris Ward,Finance Director |
| Products | London West End restaurants, leisure and retail |
| Revenue |  £123.1 million (2022)[1] |
| £147.8 million (2022)[1] | |
| £119.1 million (2022)[1] | |
| Website | www.shaftesbury.co.uk |
Shaftesbury PLC was a British real estate investment trust which invests exclusively in the heart ofLondon's West End. It was headquartered in London and was listed on theLondon Stock Exchange until it merged withCapital & Counties Properties to formShaftesbury Capital in March 2023.
Shaftesbury was founded in 1986[2] as a private company by the Levy family, with an initial injection of £10 million. The family had a long history in UK real estate, having founded the London-based estate agency DE & J Levy, and co-founded the major post-war development company The Stock Conversion and Investment Trust, in the 1940s.[3]
The company's first property acquisition was a group of 26 buildings inLondon's Chinatown.[4]
The company secured a listing on the main market of the London Stock Exchange in October 1987 when it was valued at £26 million. In its early years, the company had a UK-wide investment strategy but, following the UK real estate recession of 1990 to 1993, it focussed its investment activity solely in London's West End.[5]
On 2 March 2023, the company announced the implementation of a proposed merger withCapital & Counties Properties.[6] The merger proposals saw Capital & Counties Properties changing its name toShaftesbury Capital.[7]
Shaftesbury's portfolio extends to nearly 15 acres in London's West End.[8] It comprises nearly 600 buildings, located close to the West End's major visitor attractions, and mainly clustered inCarnaby Street,Seven Dials and Chinatown, together with substantial ownerships in east and westCovent Garden,Soho andCharlotte Street. In addition, the company has a 50% interest in a further 1.9 acres in Covent Garden, held in its Longmartin joint venture.[9] In late 2017, the company increased its investment in theSeven Dials, London area.[10]
The company's property interests were independently-valued at £3.1 billion at 30 September 2022.[1]
