The boss of West End landlord Shaftesbury has insisted it is insulated from the troubles gripping the nation’s high streets but warned that the “chaos” surrounding Brexit could hit its tenants’ workforces and supply chains.
The property company, which owns clusters of shops, restaurants and offices around London’s Carnaby Street, Chinatown and Covent Garden, saw its net property income grow 6.2% to £94m in the year to September.
Pre-tax profits slumped 42% to £176m but only because of lower gains from property revaluations than in the previous year.
