May 21 (Reuters) - Property landlord Shaftesbury Plc reported a 30 percent rise in first-half net asset value, ridingon the strong demand for commercial property in London.
The company, whose investments are focused around London'saffluent West End, said EPRA net asset value rose to 775 penceper share in the six months ended March 31, from 596 pence ayear earlier.
Net asset value is a key measure for developers as itreflects the value of their properties. EPRA NAVs are calculatedaccording to European Public Real Estate Association guidelines.
Shaftesbury gets the majority of its income from hundreds ofshops, bars, restaurants and cafes located in tourist friendlyareas of London such as Carnaby Street and Covent Garden. (Reporting by Esha Vaish in Bengaluru; Editing by AnupamaDwivedi)
