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Shaftesbury’s surging profits defies central London retail jitters

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Profits at the firm that owns swathes of West End properties has more than tripled, beating forecasts and calming nerves around central London’s retail health. Shaftesbury – which owns more than 300 retail properties in its 14.5 acre portfolio spanning Covent Garden, Soho and Chinatown – posted pre-tax profits of £301 million for the year ended September 30, a three-fold increase from £99 million the previous year

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Shaftesbury’s surging profits defies central London retail jitters

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