Shaftesbury Capital Plc · LSE:SHC

Shaftesbury Capital — Merger or Acquisition (March 2025)

8 slides from Shaftesbury Capital's merger presentation, Mar 20, 2025

  1. Slide 1: Shaftesbury Capital and Norges Bank Investment Management establish Covent Garden partnership

    Shaftesbury Capital and Norges Bank Investment Management establish Covent Garden partnership 20 March 2025

  2. Slide 2: Formation of long-term, strategic partnership with NBIM

    Formation of long-term, strategic partnership with NBIM 25% investment in Covent Garden estate by NBIM £2.7bn £104m £134m • Values Covent Garden estate at £2.7 billion, in line with Dec-24 Annualised gross Portfolio valuation ERV valuation income • Shaftesbury Capital will retain 75 per cent ownersh

  3. Slide 3: Significant financial benefits and optionality

    Significant financial benefits and optionality Assets under management of over £5bn Illustrative key metrics Dec 2024 Pro forma1 Property portfolio (£bn) 5.0 4.4 Transaction expected to be: Net asset value (£bn) 3.7 3.7 • EPRA NTA neutral Net debt (£bn) 1.4 0.7 • Accretive to earnings EPRA LTV 27% 1

  4. Slide 4: Principal terms of the long-term partnership with NBIM

    Principal terms of the long-term partnership with NBIM • 25 per cent investment by NBIM into the holding company for the Covent Garden estate Transaction structure • Currently a subsidiary of Shaftesbury Capital and the owner of the entirety of its Covent Garden properties (following completion of t

  5. Slide 5: Confidence in London’s West End

    Confidence in London’s West End Long-term, strategic partnership • Highlights attractiveness of our prime West End portfolio Leverages our operating expertise and assets • Partnering with long-term, private capital Strengthens our financial position • Enhancing growth and expansion opportunities • P

  6. Slide 6: Q&A

    Q&A

  7. Slide 7: Important notices

    Important notices This presentation ("Presentation") has been prepared by Shaftesbury Capital PLC solely for your information in connection with the sale by Shaftesbury Capital PLC (“Shaftesbury Capital” or the “Group”) of a 2741 per cent non-controlling interest in the Covent Garden estate to Norge

  8. Slide 8: Shaftesbury Capital PLC contact details

    Shaftesbury Capital PLC Regal House, 14 James Street London, WC2E 8BU T 020 3214 9150 shaftesburycapital.com

Shaftesbury Capital — Merger or Acquisition (March 2025) on 6ix