Newspaper article The Evening Standard (London, England)

A Swinging Time for West End as Tenants Stream In

Newspaper article The Evening Standard (London, England)

A Swinging Time for West End as Tenants Stream In

Article excerpt

Byline: Russell Lynch

rental value of its 500-property estate -- the rental income they would generate if let today on the open market -- is also up 6%.

Liberum Capital analyst Alison Watson said: "Despite the global uncertainties, consumer demand has bucked the negative trends seen elsewhere due to the high numbers of overseas and domestic tourists in the West End."

THE West End is booming on the back of "unusually high" demand in the wake of the Olympic and Paralympic Games, landlord Shaftesbury said today.

Chief executive Brian Bickell welcomed his latest high-profile tenant to Carnaby Street last week as iconic British footwear brand Dr Martens opened a flagship UK store, showcasing its collaborations with model and actress Agyness Deyn.

Just 3% of Shaftesbury's [pounds sterling]1.8 billion portfolio -- which also spans Covent Garden and Chinatown -- is available for rent as restaurants and niche retailers seek to gain a foothold in an area that is seemingly impervious to the downturn and attracts 200 million visitors a year. …

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