Shaftesbury news and archive

Andrew Price to step down from Shaftesbury Capital

Property company Shaftesbury Capital, which owns retail properties in Covent Garden, Carnaby, Soho and Chinatown in London, has announced that executive director Andrew Price will step down from his role at the end of the year to “pursue other opportunities”. Price joined Shaftesbury Capital in 2001 and has undertaken several significant...

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Shaftesbury Capital reports strong West End demand

Ahead of its Annual General Meeting today, Shaftesbury Capital PLC has released a positive trading update, highlighting strong occupational demand across its West End portfolio. The company reported 128 leasing transactions securing 11.3 million pounds in new contracted rent, which is also 9 percent above previous passing rents. Shaftesbury...

Retail

Autry opens debut UK store in London

Contemporary unisex sneaker brand Autry, owned by Italian private equity group Style Capital, has opened its first store in the UK. Located at 61-63 Beak Street in Soho, London, Autry has opened a 2,600 square foot store with an immersive design that celebrates the brand's American aesthetics and sport heritage with an Italian twist. Roberta...

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Shaftesbury Capital sells stake of Covent Garden to Norwegian sovereign

Landlord Shaftesbury Capital has agreed to sell a 25 percent non-controlling interest in London shopping estate Covent Garden to Norges Bank Investment Management (NBIM), the Norwegian sovereign wealth fund. The transaction is valued at 2.7 billion pounds, aligning with an independent valuation dated December 31, 2024, with gross cash proceeds...

Retail

Dolce&Gabbana opens first store dedicated to beauty and accessories in London

Italian fashion brand Dolce&Gabbana has unveiled its first-ever store dedicated to beauty and accessories in London’s Covent Garden shopping district. The shop, located in the area’s Market Building, offers a selection of cosmetics and signature fragrance collections, as well as a make-up consultation service. These sit alongside a curation of...

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Retail|Beauty

Grown Alchemist to open debut UK store

Australian beauty retailer Grown Alchemist is opening its first store in the UK in November. The two-floor store will be located at 35 Beak Street in Soho, London, and will be the brand’s first store outside of Melbourne, Australia. The 600-square-foot space by the southern entrance to Carnaby Street will offer treatments and experiences that...

Retail

Peak Performance to open first UK store in London

Scandinavian outdoor brand Peak Performance, owned by Amer Sports, has confirmed it will open its first-ever store in the UK later this year as part of its global expansion plans. Peak Performance has selected Covent Garden in London for its debut UK store, following in the footsteps of its sister brand, Canadian high-performance outdoorwear...

Retail

Alo Yoga continues UK expansion

Californian-born premium athleisure brand Alo Yoga is continuing its UK expansion with a new store set to open later this year in Seven Dials in London. The 5,000 square foot store on the junction of Neal Street and Earlham Street, a key gateway to Covent Garden’s Seven Dials neighbourhood, will mark the brand’s second store in the UK, adding to...

Retail

Axel Arigato to open second London store

Swedish sneaker and fashion brand Axel Arigato will open its second London store in Covent Garden later this year, landlord Shaftesbury Capital has announced. Axel Arigato has secured a 2,500-square-foot retail unit on Earlham Street in Seven Dials. The store will be designed in line with its retail spaces across Europe as “an inviting and open...

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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...

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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...

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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...