In a proactive move to enhance efficiency and adapt to market dynamics in 2024, Shaftesbury Capital, a key player in London’s property landscape, announces significant board changes. The recent departure of Chief Operating Officer Chris Ward, coupled with the exit of three non-executive directors—Anthony Steains, Jennelle Tilling, and Helena Coles—reflects the company’s commitment to a streamlined, forward-looking organizational structure post its merger with Capital & Counties Properties (Capco).
Effective January 31, these changes come on the heels of a successful integration post-merger, with Ward, Steains, Tilling, and Coles recognized for their substantial contributions. Simultaneously, commencing January 1, senior independent director Richard Akers assumes the role of Chair of the Remuneration Committee, underscoring Shaftesbury Capital’s governance focus.
As the company continues its trajectory of enhanced operational efficiency, the positive outcomes are evident in its recent trading statement. Noteworthy performance in the first half has seamlessly transitioned into the second half, with a strong start projected for the Christmas trading period. Shaftesbury Capital anticipates maintaining an average annual rental growth of 5-7% over the medium term.
These strategic board adjustments position Shaftesbury Capital for agility and success in the evolving property market landscape, setting the tone for a promising 2024.
