5th Feb 2016 07:49
LONDON (Alliance News) - Shaftesbury PLC on Friday said it has continued to see strong tenant demand, underpinned by robust footfall and spending, while making "good progress" with its major schemes.
The real estate investment trust, which owns retail, restaurant and leisure assets across London's West End, reported EPRA vacancy of 2.0% at the end of December 2015, versus 1.6% at the end of September.
Available to let vacancy comprised 13,200 square feet at the same stage, made up of retail space, two restaurants, office space and five apartments.
Meanwhile, the fair value of the deficit on Shaftesbury's interest rate swaps - derivative contracts designed to protect against changes in interest rates - decreased by GBP5.8 million over the quarter to GBP73.4 million on December 31.
By Samuel Agini; [email protected]; @samuelagini
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