Firm says fundraising will help it navigate ‘unprecedented near-term’ challenges
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Shaftesbury, the central London landlord that owns Chinatown and swathes of Soho and Covent Garden, has announced emergency plans to raise almost £300m to help it survive the coronavirus crisis as tourists and workers stay away from the West End.
The property firm is still struggling to collect rent payments from its retail, restaurant and bar tenants, who have had persistently lower footfall and trade in the capital.
