Back in July 2015, property entrepreneur Samuel Tak Lee tried to buy 25.8m shares in Shaftesbury (SHB) for 888p a share. That didn't work out because the share price at the time was nearer 930p. However, since the referendum, Mr Lee has been buying in again, prompted no doubt by the fall in the West End landlord's share price and the fact that sterling's value fell too.
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Buy
at
950p
To date, Mr Lee now has just over 18 per cent of the shares in issue. The centrepiece of his property empire is Langham Estate, a holding of West End prime retail and office space bought in 1994. Since then, he has built up a portfolio covering 14 acres between Soho and Mayfair.
