Page 7 - Brian Bickell News Today

25 May 2021 | 07:11am StockMarketWire.com - London West End property group Shaftesbury booked a deeper first-half loss after the pandemic hurt footfall at retail outlets, squeezing rental income. Pre-tax losses for the six months through March amounted to £338.5 million, compared to year-on-year losses of £287.6 million, and included negative property revaluations of £342.6 million. Rental income fell 19% to £48.9 million amid occupier support, reduced rent collections and increased vacancy...

Last modified on Tue 25 May 2021 03.46 EDT The West End landlord Shaftesbury has reported a wider first-half loss but is hopeful that a recovery in central London is under way, with its vacancy rate improving. The company, which owns 600 buildings in Carnaby, Seven Dials and Chinatown, and also parts of Covent Garden, Soho and Fitzrovia in the heart of the capital, said its pretax loss widened to £339m in the six months to 31 March from £288m a year earlier, as rental income declined by a...

Leasing activity has recovered to close to pre-pandemic levels Shafesbury is based around Chinatown and the West End Shaftesbury PLC (LON:SHB) said it was seeing an encouraging increase in demand for space and lettings in London’s West End since shops started to reopen on 12 April. Leasing activity over the six months to 31 March 2021 recovered to close to the level seen in the first half of last year, which was largely unaffected by the pandemic, the property owner said in a stat...

High Covid spending meant the Government borrowed another £31.

Subscription Notification We have noticed that there is an issue with your subscription billing details. Please update your billing details here Please update your billing information The subscription details associated with this account need to be updated. Please update your billing details here to continue enjoying your subscription. Your subscription will end shortly Please update your billing details here to continue enjoying your access to the most informative and considered journalism in ...

Brian Bickell, Chief Executive, Shaftesbury Landlords should become more flexible and be receptive to tenants’ needs in response to structural changes facing Britain, according to Shaftesbury’s chief executive. Speaking to Blackstock Consulting’s Andrew Teacher in our new BossCast series, Brian Bickell says the pandemic is accelerating changes to the landlord-tenant relationship that were already underway across the retail and leisure sectors — which could see the likes of Soho reclaimi...

Covid-19’s impact on commercial real estate has been severe, but Landsec’s chief executive thinks the pandemic may act as a catalyst for positive change in the sector

London’s business leaders have written to the government asking it to ensure that the green gateway to Europe is safeguarded. A copy of the letter is published below. Dear Chancellor and Secretary of State, We are writing to you, as London’s business leaders, concerned about the prospects of Eurostar, and are calling for swift action to […]

Eurostar is at risk of collapse without receiving financial support from the British government, business leaders have warned.Passenger numbers on the Channel Tunnel operator have fallen by 95 per

The cross-Channel train service has seen a 95% fall in passengers during the Covid-19 pandemic