Shaftesbury Capital nears full occupancy in Covent Garden amid rising rents

In London, England, the Covent Garden area is experiencing a surge in demand for retail and restaurant spaces. Shaftesbury Capital, the landlord which oversees this vibrant theatre district, has reported that only 2.1 percent of its portfolio is available for rent. This nearly full occupancy has led to increased rental prices, as more retailers and restaurants seek to establish a presence in this high-profile area. Chief Executive Ian Hawksworth has characterized the district as "busy and vibrant" as tenant businesses prepare for the lucrative holiday shopping and dining season. Meanwhile, various new brands, including luxury watchmaker Longines, renowned jacket maker Barbour, and eastern Mediterranean restaurant Delamina, have recently opened shops in Covent Garden. Additionally, many established tenants, like handbag maker Strathberry, are expanding their operations by moving to larger stores or acquiring office spaces above their retail units. This trend reflects a thriving environment in one of London’s most famous areas as it gears up for the holiday season and caters to an influx of customers looking to shop and dine.