London is going through 'a period of exceptional investment and growth'

West End landlord Shaftesbury on Tuesday put out a strong set of full-year results, boosted by a golden period for investment and growth in London.

Shaftesbury reported a 21.9% growth in the value of its assets when measured per share to £8.69 ($13.16) and property income was up 6.3% t0 £4.7 million ($7.1 million). Post-tax profit was up 6.1% to £467.3 million ($707.6 million).

The company praised a "a period of exceptional investment and growth" in London for the performance. Shaftesbury owns big swathes of London's West End shopping district, including Carnaby Street, Covent Garden, Chinatown, and Soho.

Chairman Jonathan Lane says in a statement:

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