The latest update is out from Shaftesbury Capital ( (GB:SHC) ).
Shaftesbury Capital PLC is in advanced discussions with Norges Bank Investment Management regarding a potential partnership involving the company’s Covent Garden portfolio, valued at £2.7 billion. If finalized, this transaction would see NBIM acquiring a 25% stake, while Shaftesbury Capital retains control and management, positioning the company for future growth and value creation. However, there is no certainty that the transaction will be completed.
More about Shaftesbury Capital
Shaftesbury Capital PLC is a leading central London mixed-use Real Estate Investment Trust (REIT) and a constituent of the FTSE-250 Index. The company’s property portfolio, valued at £5.0 billion as of December 2024, spans 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 properties are strategically located near major transport hubs and are listed on the London Stock Exchange, Johannesburg Stock Exchange, and A2X.
YTD Price Performance: -6.69%
Average Trading Volume: 3,693,520
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.28B
See more insights into SHC stock on TipRanks’ Stock Analysis page.