Investment ValidationThe Norwegian sovereign wealth fund acquired a direct 25% stake in Shaftesbury's Covent Garden estate, validating the estate's valuation at a total of £2.7bn.
Liquidity And Debt ManagementThe proceeds from the investment will reduce the company's loan-to-value ratio to under 20%, enhancing liquidity to repay the £275m exchangeable bond at maturity.
Operational PerformanceStrong operational results with the group signing 473 leasing transactions, 9% above estimated rental values.