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Shaftesbury to buy freehold of 2 London buildings for £22.7M

Retail-focused real estate investment trust Shaftesbury PLC signed a deal to buy the freehold of 35 and 36 Great Marlborough St. in central London for £22.7 million.

The deal comprises 3,000 square feet of retail space across two units, with 4,250 square feet of office accommodation on the upper floors. The asset generates £540,000 per year in contracted rent.

The latest deal takes Shaftesbury's gross expenditure on acquisitions since Oct. 1, 2017, to £140.1 million.