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Evening Standard
Evening Standard
Business
Simon Hunt

Shaftesbury sees profits surge as it hails Crossrail arrival

Shaftesbury Crossrail West End

Shaftesbury predicted a “material increase” in spending in the West End as a result of the arrival of the Elizabeth line

(Picture: SOPA Images/LightRocket via Gett)

West End property business Shaftesbury saw profits surge as the company hailed the arrival of Crossrail as a boon for spending in the shopping and nightlife district.

The firm’s net property income grew 55% to £41 million in the six months to March 2022, while the value of its portfolio swelled 7.5% in six months to reach £3.26 billion.

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