Carnaby Lettings

Shaftesbury PLC

Carnaby lettings

Shaftesbury PLC, a Real Estate Investment Trust investing in London's West End, announces today, 1 November 2011, the letting of its two newly-constructed shops at 37 & 39 Carnaby Street, London W1.

The two shops, which total 9,500 sq. ft. have been let to H & M Hennes & Mauritz UK Limited and will trade as Monki and Cheap Monday. These will be the first stand-alone UK stores for both of these youth fashion brands.

The lettings are for a ten year term, with a tenants' break in 2018, and will produce a total rental income of £965,000 per annum.

The 9,500 sq. ft. of offices on the three floors above these shops are due for completion in December 2011.

To view the images associated with this announcement click here:

http://www.rns-pdf.londonstockexchange.com/rns/1478R_-2011-10-31.pdf

1 November 2011

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