SHAFTESBURY CAPITAL PLC - Acquisition of 25-31 James Street, Covent Garden

Acquisition of 25-31 James Street, Covent Garden

SHAFTESBURY CAPITAL PLC
(Incorporated and registered in the United Kingdom
with Registration Number 07145051 and
registered in South Africa as an external company
with Registration Number 2010/003387/10)
JSE code: SHC ISIN: GB00B62G9D36
LEI: 549300TTXXZ1SHUI0D54
("Shaftesbury Capital")


ACQUISITION OF 25-31 JAMES STREET, COVENT GARDEN


Shaftesbury Capital is pleased to announce that it has completed the acquisition of the freehold interests in
25-31 James Street, Covent Garden for £75.1 million (before costs).

The properties have a contracted rent of £3.9 million and comprise 21,000 square feet of lettable area,
including 12,000 square feet of retail and 9,000 square feet of residential and office accommodation.

This acquisition presents asset management and rental growth opportunities as well as complementing our
existing ownership on James Street, a prime retail street and key gateway into the Covent Garden Piazza.
The acquisition follows recent disposals totalling £145 million, 8 per cent ahead of valuation, and recycles
capital towards target assets.

Shaftesbury Capital continues to maintain access to liquidity through cash and undrawn facilities. On a pro
forma basis, liquidity following this acquisition is £467 million.

Enquiries:

Shaftesbury Capital PLC                                                   +44 (0)20 3214 9150
Ian Hawksworth               Chief Executive
Situl Jobanputra             Chief Financial Officer
Michelle McGrath             Executive Director
Sarah Corbett                Director of Commercial Finance and Investor Relations

Media enquiries:
UK: Hudson Sandler           Michael Sandler                              +44 (0)20 7796 4133
UK: RMS Partners             Simon Courtenay                              +44 (0)20 3735 6551
SA: Instinctif               Frederic Cornet                              +27 (0)11 447 3030

11 March 2024

About Shaftesbury Capital

Shaftesbury Capital PLC ("Shaftesbury Capital") is the leading central London mixed-use REIT and is a
constituent of the FTSE-250 Index. Our property portfolio, valued at £4.8 billion at December 2023, extends
to 2.9 million square feet of lettable space across the most vibrant areas of London's West End. With a
diverse mix of shops, restaurants, cafés, bars, residential and offices, our destinations include the high
footfall, thriving neighbourhoods of Covent Garden, Carnaby, Soho and Chinatown, together with holdings in
Fitzrovia. Our properties are close to the main West End Underground stations and transport hubs for the
Elizabeth Line. Shaftesbury Capital shares are listed on the London Stock Exchange ("LSE") (primary) and
the Johannesburg Stock Exchange ("JSE") (secondary) and the A2X (secondary).

Our purpose

Investing to create thriving destinations in London's West End where people enjoy visiting, working, and
living.

Sponsor
Java Capital

Date: 11-03-2024 09:00:00
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