Shaftesbury in shock 90m pounds sterling Carnaby clinch

Article Abstract:

Shaftesbury, which specialises in property in Covent Garden and Chinatown in London, England, is to invest 90 million pounds sterling to acquire Carnaby Estate, which is made up of 23,230 sq mt of offices, leisure and residential in 93 buildings. Shaftesbury will sell almost all its other investments, raising 20 million pounds sterling, and will focus on London. It already owns 11 Carnaby Street properties, along with 75 shops and restaurants in Chinatown and Shaftesbury Avenue.

London, England, Shaftesbury PLC

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Property needs to wake up to new PFI benefits

Article Abstract:

The UK government's private finance initiative (PFI) offers opportunities for the property sector because it gives councils greater powers to sell assets and gives incentives to use private finance and management skills in renovating leisure centres, schools and similar local facilities. However, property companies have so far failed to recognise the potential of PFI. The RICS is responding to this by trying to raise awareness of PFI within the industry.

Private sector

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Tower lettings at Canary stoke buyers' interest

Article Abstract:

Trade Indemnity Co and Mirror Group Newspapers will together take a total of 100,000 sq ft at The Tower, 1 Canada Square, London E14. Canary Wharf reports that Trade Indemnity will take floors 35 to 37 inclusive, while Mirror Group will take the 17th floor. The deals have sparked off interest from other potential Canary Wharf tenants.

Canary Wharf Development Co., Mirror Group PLC, Trade Indemnity PLC

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