West End landlord Shaftesbury has reported on the period from 1 October to 7 February, saying footfall and trading had been “robust”.
Updating on the development of KERB Market’s permanent food hall, Seven Dials Market, at Thomas Neal’s Warehouse, the company said the space was now being fitted out, and was expected to open for trading in late summer 2019.
It also confirmed that a planning application had been submitted at 72 Broadwick Street to introduce new retail, restaurant and leisure uses, with the aim of starting work in the summer.
On acquisitions and disposals, the group said it had acquired a pub in Fitzrovia for £5.6m (including acquisition costs) and disposed of a non-core asset for £2.6m. It also confirmed the forward-purchase of a long leasehold interest in 90-104 Berwick Street for £41m
On trading, the group said: “During the important trading season leading up to and including the Christmas and the New Year holidays, footfall in our locations has been robust and our occupiers generally reported growth in turnover compared with the same period in 2017. In contrast to reports of subdued leisure spending nationally, our restaurants, cafes, pubs and bars were particularly busy throughout the festive period.”