In addition, we have a 50% interest in the Longmartin joint venture, which has a long leasehold interest, extending to 1.9 acres, in St Martin's Courtyard in Covent Garden. Obtains access to the information in a personal capacity; Our portfolio is scheduled to be externally valued at 31 March 2020 for our half year results.

Whilst the valuation will be taking place at a point in time when there is unprecedented short-term uncertainty, the structural resilience of the West End as a global destination underpins the intrinsic long-term value of our exceptional and impossible-to-replicate portfolio. Shaftesbury PLC Shaftesbury Plc provides property investment services. spoken out on the need to support a beleaguered, monolithic “industry, A Comprehensive Guide to Novel Coronavirus’ Impact on London Restaurants, The ‘Substantial Meal’ Clause in New Coronavirus Regulations Is Deeper Than It Seems, Pizza Express’s £665 Million Debts Are Set to Wipe Out Its Owner. Any forward-looking statements made by, or on behalf of, Shaftesbury PLC speak only as of the date they are made and no representation or warranty is given in relation to them, including as to their completeness or accuracy or the basis on which they were prepared. We have a strong balance sheet with conservative leverage.

“We have received interest from a number of new operators keen to join Chinatown as London’s recovery gains momentum,” Andrew Price, portfolio executive at Shaftesbury PLC wrote on the estate’s website. Share your opinion and gain insight from other stock traders and investors. “They won’t talk about issues like this until something has happened.” The main problem with Shaftesbury’s current solution for Chinatown’s restaurants — collecting rent from businesses that could not trade — is that a restaurant’s route to economic recovery is predicated on reaching a manageable solution on its future liability as well as owed rent. Consequently, their valuation reports will include a statement highlighting this material uncertainty. 2. Our proven management strategy is to create and foster distinctive, attractive and prosperous locations. By their very nature forward-looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. The global appeal and resilience of the West End and our locations, together with our initiatives in recent years to ensure our finances are robust, underpin the intrinsic worth of our impossible-to-replicate portfolio and the long-term value of our business.". Please note, this site uses cookies. The fund, which will provide support totalling £144,000, is in addition to the Company's regular support for charities and other not for profit organisations, which in the last financial year totalled £820,000. In turn, this may have an impact on dividends for the year. However, I know at least two tenants who can’t afford to pay the rent and have given their lease back,” explains an operations director of a Chinese restaurant on Wardour Street, who wished to remain anonymous.

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