THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Shaftesbury acquires major property in London's Berwick Street

Shaftesbury, the real estate investment trust, has entered a contract with PMB Holdings to acquire a long leasehold interest in a property in London’s Soho for £38.5 million.

SHOPPING CENTRES & RETAIL PARKS

Shaftesbury acquires major property in London's Berwick Street

Shaftesbury, the real estate investment trust, has entered a contract with PMB Holdings to acquire a long leasehold interest in a property in London’s Soho for £38.5 million.

Situated at 90-94 Berwick Street, the property is currently being redeveloped to provide 12,500 square feet of retail space, a 5,500 square foot supermarket, a 2,000 square foot restaurant and a 110 bedroom hotel. Both the hotel and supermarket have been pre-let.

The redevelopment is expected to complete in late 2018.

Brian Bickell, chief executive of Shaftesbury, said: “We are pleased to have secured this strategic acquisition, which materially increases our ownership of Berwick Street frontages to 50%. Once completed, it will enable us to accelerate our long-term strategy on this important north-south route in the heart of Soho."

Shaftesbury owns a 14½ acre portfolio in London’s West End with holdings concentrated in Carnaby, Covent Garden, Chinatown, Soho and Charlotte Street.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy