18th Dec 2019 09:09
(Alliance News) - Shaftesbury PLC on Wednesday said it has entered into an agreement to let almost half of its 72 Broadwick Street in London commercial space to Equinox, which operates luxury fitness clubs.
The West End-focused real estate investment trust will let 32,000 square feet of the 66,000 square feet space to Equinox, which also offers yoga studios and has a hotel in New York. The space will be handed over to Equinox by the end of 2020.
The remaining space in the refurbishment scheme located in Carnaby Street area of Soho in London is expected to be completed in spring 2021 and will deliver 15 apartments available to let upon completion.
Shares in Shaftesbury were trading 1.8% lower at 913.50 pence per share on Wednesday morning in London.
By Ife Taiwo; [email protected]
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