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Shaftesbury makes a strategic acquisition in Carnaby – Shaftesbury (SHB) the Real Estate Investment Trust (REIT) has exchanged contracts to acquire the freehold of 35 and 36 Great Marlborough Street, Carnaby for £22.7 million.
Located at the northern gateway in to Carnaby, the buildings comprise two shops (3,000 sq. ft.) with 4,250 sq. ft. of office accommodation on the upper floors. The current contracted income is £0.54 million per annum.
Shaftesbury is a REIT focused on real estate in London’s West End. It focuses on central locations close to a concentration of world-class attractions which attract numbers of domestic and overseas visitors.
Shaftesbury says that its strategy is to:
Shaftesbury lists many reasons why it feels that a focus on London’s West End is attractive, including:
SHB : Shaftesbury makes a strategic acquisition in Carnaby
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