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Bond information

General Information

Shaftesbury Carnaby PLC has outstanding, £285,000,000 Guaranteed First Mortgage Bonds (“the bonds”) due 2031, guaranteed by Shaftesbury PLC.

The bonds were issued on 7 October 2016 and are listed on the regulated market of the London Stock Exchange.

Full details of the bonds are available in the Prospectus available for download from this page.

Information on the mortgaged properties

At 31 March 2021, the aggregate value of the Specifically Mortgaged Premises was £521,675,000, as certified by the directors of the Issuer. The Asset Cover Ratio was 1.83:1.

The Net Annual Income as at 31 March 2021, as certified by the directors of the Issuer was £12,816,075. The Interest Cover Ratio was 1.81:1.

There were 173 tenants occupying the Specifically Mortgaged Premises.

The rent roll by tenant use is shown below:



The top ten tenants contribute 39.9% to the Specifically Mortgaged Premises income (by gross annual income). They are as follows:

1

OakNorth Bank PLC

8.3%

2

Liberty Retail Limited

5.3%

3

VF Northern Europe Services Ltd

4.3%

4

Office Holdings Limited

3.9%

5

Ashworth & Parker Limited

3.7%

6

Universal Music Operations Limited

3.1%

7

Fashion Box UK Limited

3.0%

8

Scotch & Soda Retail UK Limited

3.0%

9

Brandy Carnaby Limited

2.7%

10

The Kooples UK Limited

2.6%

The following properties are secured against the bonds:

31 to 47 (odd numbers) and 46 to 48 Beak Street
46, 57 (and Stirling Court), 61 to 69 (including Jaeger House), 68 to 76 Broadwick Street
1 to 16 and 21 to 30 Carnaby Street (including 28A)
Marshall House, 47 to 50 & 52 to 53 Marshall Street
Flat 15, Marshall House, Marshall Street
5 to 21 (odd numbers) and 26 to 32 (even numbers) Foubert's Place
31 & 32 Kingly Street (including Lasenby House)
27 & 28 Great Marlborough Street
9 to 14 Little Marlborough Street
1 Little Marlborough Street
2 to 12 (even numbers) Ganton Street
41, 48 and 49 Lexington Street
3, 5 & 6 Lowndes Court
1 & 2 and 33 to 37 Marshall Street
1 to 4 Marlborough Court
1 to 17 Newburgh Street (including 12A)
1 & 2 Silver Place
20 Beak Street & 6 Upper John Street

Trustee

Prudential Trustee Company Limited
10 Fenchurch Avenue
London
EC3M 5AG

Principal Paying Agent

Elavon Financial Services DAC
Fifth Floor
125 Old Broad Street
London EC2N
1AR United Kingdom

General Information

Shaftesbury Chinatown PLC has outstanding, £290,000,000 Guaranteed First Mortgage Bonds (“the bonds”) due 2027, guaranteed by Shaftesbury PLC.

The bonds were issued on 7 September 2017 and are listed on the regulated market of the London Stock Exchange.

Full details of the bonds are available in the Prospectus available for download from this page.

Information on the mortgaged properties

At 31 March 2021, the aggregate value of the Specifically Mortgaged Premises was £538,050,000, as certified by the directors of the Issuer. The Asset Cover Ratio was 1.86:1.

The Net Annual Income as at 31 March 2021, as certified by the directors of the Issuer, was £15,675,423. The Interest Cover Ratio was 2.30:1.

There were 234 tenants occupying the Specifically Mortgaged Premises.

The rent roll by tenant use is shown below:


The top ten tenants contribute 23.3% to the Specifically Mortgaged Premises income (by gross annual income). They are as follows:

1

Pret a Manager Limited

2.7%

2

Rentwell Developments Limited

2.7%

3

13141668 Limited

2.4%

4

Seewoo Foods Limited

2.4%

5

Pellerin Apartments Limited

2.3%

6

New Loon Moon Limited

2.3%

7

Sainsburys Supermarkets Limited

2.2%

8

Family Leisure Gerrard Limited

2.1%

9

Everwell (London) Limited 

2.1%

10

Jinli Gerrard Limited

2.1%

The following properties are secured against the bonds:

45, 45b, 47 & 49 and Crediton Mansions, 47a Charing Cross Road, London
2 Dansey Place
3 and 4 Dansey Place
7 Dansey Place and 34-36 Wardour Street
1 Gerrard Place
2 Gerrard Place
3 Gerrard Street
4 Gerrard Street
5 Gerrard Street
6 Gerrard Street
7 Gerrard Street
8 Gerrard Street
9 Gerrard Street (also containing 8 Horse & Dolphin Yard)
10 Gerrard Street & 4 Horse & Dolphin Yard
11 Gerrard Street
13 Gerrard Street
14 Gerrard St & 13 Macclesfield St
15A Gerrard St (also containing 2 Macclesfield St)
15 Gerrard Street
16 Gerrard Street
17 Gerrard Street
18 Gerrard Street
19 Gerrard Street
20 Gerrard Street and 5 Dansey Place
21 and 22 Gerrard Street and 6 Dansey Place
23 Gerrard Street
36 and 39 Gerrard Street
37-38 Gerrard Street
King's Head Public House, 48 Gerrard Street
1, 2 and 3 Horse and Dolphin Yard
8 Horse & Dolphin Yard
14 Lisle Street
15 Lisle Street
18-20 Lisle Street
19 Lisle Street
20 Lisle Street
21 Lisle Street
26 - 27 Lisle Street
The White Bear Public House, 28-30 Lisle Street
7 Little Newport Street
8 Little Newport Street
9 Little Newport Street
12 and 13 Little Newport Street
15 Little Newport Street
2 Macclesfield Street
3 Macclesfield Street
4 Macclesfield Street
5 Macclesfield Street
12 Macclesfield Street
13 Macclesfield Street and 14 Gerrard Street (also containing 13a Macclesfield Street)
21 Newport Court
22 Newport Court
23 and 24 Newport Court
1 Newport Place
64 Shaftesbury Avenue
66 to 88 (even) Shaftesbury Avenue, encompassing:
66 Shaftesbury Avenue
68 Shaftesbury Avenue
70 Shaftesbury Avenue
72 Shaftesbury Avenue
74 Shaftesbury Avenue
76 Shaftesbury Avenue
78 Shaftesbury Avenue
80 Shaftesbury Avenue
90, 92, 96 and 98 Shaftesbury Avenue and Macclesfield Chambers
100-124 Shaftesbury Avenue (Basement, Ground, First and Second Floors) encompassing:
108 Shaftesbury Avenue
110 Shaftesbury Avenue
112 and 112A Shaftesbury Avenue
114 Shaftesbury Avenue
116 Shaftesbury Avenue
118-120 Shaftesbury Avenue
Flat 1, Exeter Mansions, 106 Shaftesbury Avenue
Flat 3, Exeter Mansions, 106 Shaftesbury Avenue
Flat 4, Exeter Mansions, 106 Shaftesbury Avenue
Flat 5, Exeter Mansions, 106 Shaftesbury Avenue
Flat 6, Exeter Mansions, 106 Shaftesbury Avenue
Flat 8, Exeter Mansions, 106 Shaftesbury Avenue, London
Basement Vault, 116 Shaftesbury Avenue
Flat 1, Egmont House, 116 Shaftesbury Avenue
Flat 2, Egmont House, 116 Shaftesbury Avenue
Flat 3, Egmont House, 116 Shaftesbury Avenue
Flat 4, Egmont House, 116 Shaftesbury Avenue
Flat 5, Egmont House, 116 Shaftesbury Avenue
Flat 7, Egmont House, 116 Shaftesbury Avenue
Flat 8, Egmont House, 116 Shaftesbury Avenue
Flat 3, Nassau House, 122 Shaftesbury Avenue
Flat 5, Nassau House, 122 Shaftesbury Avenue
Flat 7, Nassau House, 122 Shaftesbury Avenue
Flat 8, Nassau House, 122 Shaftesbury Avenue
32 Wardour Street (also containing 23 Gerrard Street)
26-31, 32, 33 & 34 Cranbourn Street and 77, 78 & 79 St Martins Lane
36, 36a & 37, 38, 38a & 39 St Martins Lane
21-22 New Row
55-58 St Martins Lane
11-13 Newport Place

Trustee

Prudential Trustee Company Limited
10 Fenchurch Avenue
London
EC3M 5AG

Principal Paying Agent

Elavon Financial Services DAC
Fifth Floor
125 Old Broad Street
London EC2N 1AR
United Kingdom

Guaranteed First Mortgage Bonds