Shaftesbury news and archive

Shaftesbury Capital sells stake of Covent Garden to Norwegian sovereign

Landlord Shaftesbury Capital has agreed to sell a 25 percent non-controlling interest in London shopping estate Covent Garden to Norges Bank Investment Management (NBIM), the Norwegian sovereign wealth fund. The transaction is valued at 2.7 billion pounds, aligning with an independent valuation dated December 31, 2024, with gross cash proceeds...

Retail

Dolce&Gabbana opens first store dedicated to beauty and accessories in London

Italian fashion brand Dolce&Gabbana has unveiled its first-ever store dedicated to beauty and accessories in London’s Covent Garden shopping district. The shop, located in the area’s Market Building, offers a selection of cosmetics and signature fragrance collections, as well as a make-up consultation service. These sit alongside a curation of...

Retail|Beauty Featured

Grown Alchemist to open debut UK store

Australian beauty retailer Grown Alchemist is opening its first store in the UK in November. The two-floor store will be located at 35 Beak Street in Soho, London, and will be the brand’s first store outside of Melbourne, Australia. The 600-square-foot space by the southern entrance to Carnaby Street will offer treatments and experiences that...

Retail

Peak Performance to open first UK store in London

Scandinavian outdoor brand Peak Performance, owned by Amer Sports, has confirmed it will open its first-ever store in the UK later this year as part of its global expansion plans. Peak Performance has selected Covent Garden in London for its debut UK store, following in the footsteps of its sister brand, Canadian high-performance outdoorwear...

Retail

Alo Yoga continues UK expansion

Californian-born premium athleisure brand Alo Yoga is continuing its UK expansion with a new store set to open later this year in Seven Dials in London. The 5,000 square foot store on the junction of Neal Street and Earlham Street, a key gateway to Covent Garden’s Seven Dials neighbourhood, will mark the brand’s second store in the UK, adding to...

Retail

Axel Arigato to open second London store

Swedish sneaker and fashion brand Axel Arigato will open its second London store in Covent Garden later this year, landlord Shaftesbury Capital has announced. Axel Arigato has secured a 2,500-square-foot retail unit on Earlham Street in Seven Dials. The store will be designed in line with its retail spaces across Europe as “an inviting and open...

PeopleMember

Shaftesbury announces board changes

Shaftesbury Capital has announced a number of changes to the composition of its board. The company said in a statement that following the announcement of the departure of the chief operating officer on December 22, 2023, non-executive directors Anthony Steains, Jennelle Tilling and Helena Coles will step down from the board with effect from 31...

BusinessMember

Shaftesbury Capital hails ‘positive’ West End trading as tourists return

British property giant Shaftesbury Capital announced Thursday that its West End locations have experienced a “positive” first half of the year as international visitors flocked back to stores. The landlord, which was hit hard in recent years by lockdowns and low footfall, said customer sales across its portfolio are 15 percent ahead of...

BusinessFeaturedMember

UK landlords Shaftesbury and Capco complete merger

West End London landlords Shaftesbury and Capital & Counties, known as Capco, have completed an all-share merger to form a new combined property group called Shaftesbury Capital. The new group has a portfolio valued at 4.9 billion pounds, with 2.9 million square feet of lettable space located in some of the most iconic parts of London’s West...

Retail

Kat Maconie to open pop-up on Carnaby Street

British footwear designer Kat Maconie, known for her colourful shoes and sculptural heels, is opening a pop-up store on Carnaby Street in London from March 10 to July 1. The pop-up will showcase Kat Maconie’s 86-piece spring/summer 2023 collection filled with heels and flats inspired by California, from vibrant fuchsia ruffles emulating the...

RetailMember

Shaftesbury partners with Good On You to help guide sustainable practices

Real estate firm Shaftesbury has announced a new partnership with Good On You, a sustainability ratings company, to help guide it in driving sustainable practices and selecting more sustainable brands. The landlord, which operates various retail destinations across London’s West End, said that through the partnership it will provide information...

Retail

Stetson to open debut UK flagship store

Heritage hat brand Stetson is opening its first UK flagship store in Seven Dials, Covent Garden in London in mid-February. Located at 58 Neal Street, the new store will span 1,165 square feet and will include an eclectic range of the brand’s signature styles, from its authentic Western wear to country-style outdoor fashion, timeless classics and...