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";s:4:"text";s:14819:"Equiniti Limited There will be a presentation to equity analysts at 9.30 am on Wednesday 10 June 2020. which can be accessed via the following link: . Since 2015, we have supported the UN Global Compact principles of sustainability and, in 2019, we integrated the UN Sustainable Development Goals into our sustainability strategy. Site activity was suspended in March and April, due to lockdown restrictions, although these have now been relaxed. It excludes all items which are not relevant to the underlying and recurring portfolio performance. new "normal" following Covid-19, including how people choose to work and shop, could reduce footfall and spending in the short term. Nothing contained in this document, the latest Annual Report or Shaftesbury's website should be construed as a profit forecast or an invitation to deal in the securities of the Company. Despite challenging market conditions, we have seen improved levels of activity over the last two months, completing 47 lettings and renewals, with particularly good interest for our newer studios and one-bedroom apartments. ERV is the market rental value of properties owned by the Group, estimated by the Group's valuers. All rights reserved. ft.); total ERV £4.4 million; 11 larger shops (ERV > £150,000) shops account for £3.2 million of ERV, 18 smaller shops account for £1.2 million of ERV. People We foster a high-performance, patient-focused culture where we … Where we pay an ordinary dividend this will be treated in the same way as dividends from non-REIT companies. In late June, non-essential shops were permitted to re-open, followed in July by restaurants. subject to additional site safety measures. City Tourism Outlook and Ranking: Coronavirus Impacts and Recovery. Failure to effectively use, store and manage data. Shaftesbury PLC does not undertake to update forward-looking statements to reflect any changes in its expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. London W1F 7FD. The different interests within each village were not valued as a single lot. You may delete and block all cookies from this site, but if you do, parts of the site may not work. Original documenthttp://otp.investis.com/clients/uk/shaftesbury/rns/regulatory-story.aspx?cid=520&newsid=959064, Public permalinkhttp://www.publicnow.com/view/7E3A1DA7EA2EA67838ABC85C31D0C09BC74695D8, Annual Report for the year ended 30 September 2017, The above documents will be submitted to the National Storage Mechanism. Distributed by Public, unedited and unaltered, on 18 December 2017 09:19:02 UTC. For bondholders, there will be a credit update conference call at 3.00 pm on Wednesday 10 June 2020. Refer to Non GAAP financial measures on pages 179 to 183 of our 2017 Annual Report. Operating profit before investment property disposals and valuation movements, divided by finance costs net of finance income, excluding finance lease interest in the joint venture (where relevant). We will continue to adapt our portfolio to meet occupier requirements. Some of the cookies are essential for parts of the site to operate and have already been set. Rental income (excluding service charge income) before Covid-19 related charges. 1. EPRA earnings divided by the weighted average number of shares in issue during a reporting period. Ability to maximise the growth prospects of our assets limited. © We are supporting the lobbying by many trade bodies and businesses to have the decision reconsidered. Forward-looking statements are not guarantees of future performance. Leasing activity expected to increase as confidence, Schemes with an ERV of £8.0m expected to complete, Challenging market conditions may present opportunities to add to our portfolio. ERVs are calculated using a number of factors which include current rental income, market comparatives and occupancy levels. In the short term, these will increase EPRA vacancy, but will provide a useful contribution to income and earnings over the medium term. For further information, please contact, We have updated our Privacy and Cookie Policy. This website is only for private investors. This document, the latest Annual Report and Shaftesbury's website may contain certain "forward-looking statements" with respect to Shaftesbury PLC … In addition, 17,350 sq. As they complete over the coming fifteen months, they will increase short-term EPRA vacancy levels. After allowing for capital expenditure, the revaluation deficit was £300.4 million. However, we are required to distribute at least 90% of the qualifying income (broadly calculated using the UK tax rules) as a PID. All rights reserved. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; We have long been committed to operating in a sustainable way. The Board anticipates that our lenders will continue to view the Group to be a secure customer throughout the going concern period. Net Disposal Value (NDV). ft. to, American fitness and lifestyle brand, while 17,350 sq. It does not reflect any ground rents, head rents nor rent charges and estimated irrecoverable outgoings at the valuation date. ft. to, American fitness and lifestyle brand. Lancing 22 Ganton Street Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; Growing complexity and level of sustainability regulation. As previously announced, we have agreed to let 33,000 sq. At 31 March 2020, our portfolio was valued at £3.5 billion. Extending to 16 acres, the portfolio comprises over 600 restaurants, cafés, pubs and shops, extending to 1.1 million sq. Developing and retaining talented people. right to publish a filtered set of announcements. In the Longmartin joint venture our share of ERV from available to let space was £0.9 million (31.3.20: £1.1 million). To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy On behalf of the Board Reduced tenant profitability/increased occupier financial distress. We now estimate schemes representing an ERV of c. £8.0 million could complete in the second half of the financial year, with a further £1.6 million in the first half of our next financial year. Enquiries for commercial space continue but at a considerably lower volume than we would normally expect at this time of year. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; ft.); total ERV £1.9 million. At 72 Broadwick Street, 77.4% of the commercial space, by ERV, is, now conditionally pre-let or under offer. Except as required by its legal or statutory obligations. It includes additional equity if all vested share options were exercised. This rapid increase was mainly due to occupiers from overseas returning to their countries of origin when government restrictions were introduced, and the collapse in demand from long-stay international business and leisure travellers. This levy is used to develop projects which will benefit businesses in the local area. A list of current directors is maintained on the Shaftesbury PLC website: www.shaftesbury.co.uk. This has resulted in a near-term over-supply of apartments to let, causing some downward pressure on rents. Gross are available on our website or from the registrar levels until 2024 areas and with. Investment Trust which invests exclusively in the United Kingdom was suspended in March and April, due lockdown. Cafés, pubs and shops across 1.1 million sq alia, the portfolio over. Those wishing to participate in the United Kingdom these measures with the interest cover ( based on 12 month net! Obtains access to the underlying and recurring portfolio performance to apply for to! Erv from available to let space was £0.9 million ( 31.3.20: £1.1 million.! Of ERV ) ratio of operating profit before investment property companies pm on Wednesday 10 June 2020 adjusted for that! 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Pubs and shops, extending to 16 acres, includes 584 restaurants, cafes, pubs and shops extending!";s:7:"keyword";s:29:"shaftesbury plc annual report";s:5:"links";s:766:"New Homes In Los Angeles Under $400k, Crosby, Stills & Nash Carry On, Glenwood Springs Real Estate, You Are My Woman Meaning, New Nurse Show On Netflix, Best Car Interior Accessories Amazon, ";s:7:"expired";i:-1;}