Shaftesbury is a Real Estate Investment Trust, which invests exclusively in the heart of London’s West End. Our objective is to deliver long-term growth in rental income, capital values and shareholder returns.
EXCEPTIONAL PORTFOLIO IN THE HEART OF THE WEST END
1.8 m sq.ft.
commercial and residential space and 0.3m sq.ft. in joint venture2
clustered in iconic areas with high footfall
annualised current income1
estimated rental value1
which appeal to visitors, businesses and residents
Accumulated over 30 years
Focused on restaurants, leisure and retail
Virtually impossible to replicate
of our portfolio is between five and ten minutes’ walk of an Underground/Elizabeth Line station and close to major visitor attractions
OF COMMERCIAL AND RESIDENTIAL ACCOMMODATION PLUS 0.3M SQ.FT. HELD IN JOINT VENTURE
1.8 MILLION SQ. FT.
RESTAURANTS, CAFÉs and Pubs
0.6 m sq. ft.
0.5 m sq. ft.
0.3 m sq. ft.
WHY LONDON'S WEST END
Overseas’ visits to London in 2015. Spend £11.9bn. Visits anticipated to grow 17% by 2020
London’s population (10m by 2036)
Annual visits to the West End
of UK GDP produced within Westminster
CITY OF Westminster's working population
+30 museums, galleries and other attractions
EXPERIENCED MANAGEMENT TEAM
MANAGEMENT STRATEGY TO CREATE PROSPEROUS ENVIRONMENTS FOR TENANTS
SUSTAINED RENTAL GROWTH THROUGH THE CYCLES
Annualised current income
31 March 2017:
10 year average:
INVESTING IN OUR PORTFOLIO
increasing leveL of asset management activity
Activity in H1 2017
Schemes across 216,000 sq. ft.
10.6% of ERV under refurbishment at 31 March 2017
- equivalent to £14m
- 180,000 sq.ft.
Space under refurbishment (% of ERV3)
we are not exposed to material speculative development risks
High level of asset management and refurbishment activity...
…yet annual capex is limited to around 1% of portfolio value
Selective acquisitions in our locations
PRUDENT FINANCIAL MANAGEMENT
Policy to maintain steady growth in dividends, reflecting the long-term trend in income and earnings
DIVIDENDS PER SHARE (pence)
Loan to value1
Weighted average debt maturity1 (years)
DIVIDEND PER SHARE
PROMOTING GOOD SOCIAL RESPONSIBILITY
John Olsen, Reg Hoare, Gina Bell
22 Ganton Street
Carnaby, London W1F 7FD
5. Calculated in accordance with EPRA’s Best
Practice and Policy Recommendations
6. As at 31 March 2017
7. 5 year period up to interim dividend for