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Carnaby will have Monki and Cheap standalone stores
02
Nov '11
Shaftesbury PLC, a Real Estate Investment Trust investing in London's West End, announces, 1 November 2011, the letting of its two newly-constructed shops at 37 & 39 Carnaby Street, London W1.

The two shops, which total 9,500 sq. ft. have been let to H & M Hennes & Mauritz UK Limited and will trade as Monki and Cheap Monday. These will be the first stand-alone UK stores for both of these youth fashion brands.

The lettings are for a ten year term, with a tenants' break in 2018, and will produce a total rental income of £965,000 per annum.

The 9,500 sq. ft. of offices on the three floors above these shops are due for completion in December 2011.

Shaftesbury's strategy is very clear and focused. The Group invests only in those districts within the West End which have an enduring demand from occupiers and popularity with their customers. Our investments are all close to the unique cluster of shops, restaurants, theatres, cinemas and world class galleries, museums and historic sites, which are the essence of London's West End. These districts all have excellent access to a wide choice of public transport both day and night.

H&M operates in 41 markets and has 87,000 employees all working to the same philosophy: to bring you fashion and quality at the best price.

Shaftesbury PLC

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