"London's West End continues to be busy and prosperous. Throughout the first six months of the financial year our portfolio has been virtually fully let as demand for uses across our West End locations remains healthy,” said the company’s chief executive Brian Bickell.
“London's reputation as a destination of world renown continues to grow, and this summer's major events - the Queen's Diamond Jubilee and the Olympics - will put the city firmly in the world's spotlight.
"These events are a unique opportunity for London to promote its many attractions to a global audience.”
In its half-year to March 31, Shaftesbury said its portfolio rose in value by 1.4pc to £1.74bn while like-for-like rental income was up 3.5pc.
However, pre-tax profits fell to £38.1m from £101m because the growth in capital values was slower than in 2011.
The company also confirmed that co-founder and former chief executive Jonathan Lane will replace John Manser, who is retiring, as chairman.
Great Portland’s full-year profits fell from £261m to £155m. However, shares in the company rose 10, or 3pc, to 392.20p in early trading.
Source: www.telegraph.co.uk
Minister opens East Kent Access Road - Kent Online
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East Kent Access Road during construciton, from Minster to Pegwell
An £86m road is to be officially opened today by local transport minister Norman Baker.
The front bencher will join Kent County Council leader Paul
Carter and South Thanet MP Laura Sandys to officially open the East
Kent Access Road.
Its completion aims to help support economic growth and create jobs
across the eastern part of the county.
It also means better transport links to such sites as Manston
Airport; the Discovery Park on the former Pfizer
site, Eurokent - a mixed-use site - and Manston Business
Park.
Eurokent and Manston business parks are joint initiatives
between Kent County Council and Thanet District Council that have
the potential to deliver 550 homes and 4,000 jobs.
The new road was built by Kent County Council with £81.25 million
funding from the Department for Transport and £5.75 million from
KCC.
Tuesday, May 22 2012
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hsdeal wrote:
Great news... now we just need Thanet Council to ignore the NIMBYs and back Manston.
23 May 2012 9:22 AM
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Source: www.kentonline.co.uk
