10th May 2018 10:42
LONDON (Alliance News) - Shaftesbury PLC said Wednesday it bought the freehold for some office buildings located in the Carnaby Street area of London's West End.
The real estate investment trust purchased the buildings, comprising two shops and several offices, for GBP22.7 million.
The Carnaby buildings located on 35 and 36 Great Marlborough Street currently generate contracted rental income of GBP540,000 per year.
With the purchase the London West End-focused property investor's expenditure on acquisitions since October 2017 has reached GBP140 million.
Shares in Shaftesbury were trading at 1,009.00 pence Wednesday, down 0.2%.
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