Shaftesbury Capital ( (GB:SHC) ) has issued an update.
Shaftesbury Capital PLC has finalized a strategic partnership with Norges Bank Investment Management, the Norwegian sovereign wealth fund, involving a 25% non-controlling interest acquisition in the Covent Garden estate. Shaftesbury Capital retains 75% ownership and management control, strengthening its position in the central London property market and potentially enhancing value for stakeholders through this collaboration.
More about Shaftesbury Capital
Shaftesbury Capital PLC is a leading central London mixed-use real estate investment trust (REIT) and a member of the FTSE-250 Index. The company manages property assets valued at £5.0 billion, covering 2.7 million square feet of lettable space in vibrant areas of London’s West End, including Covent Garden, Carnaby, Soho, and Chinatown. Shaftesbury Capital’s portfolio includes a diverse mix of shops, restaurants, cafés, bars, residential apartments, and offices, strategically located near major transport hubs. The company’s shares are listed on the London Stock Exchange and the Johannesburg Stock Exchange.
YTD Price Performance: 0.88%
Average Trading Volume: 4,043,181
Technical Sentiment Signal: Buy
Current Market Cap: £2.47B
Learn more about SHC stock on TipRanks’ Stock Analysis page.