Property firm Shaftesbury has witnessed an increase in the number of tenants in its West End market owing to weak pound, which made less Britons holiday overseas but allured tourists from abroad.

Brian Bickell, finance director of Shaftesbury said, "Obviously, for people from overseas London is looking like a cheap destination."

Shaftesbury, which possesses around 450 properties in Carnaby Street, Chinatown and Theatreland has recorded a strong demand for its restorants, flats and shops also.

Shaftesbury said its empty space thinned to 69,000 square feet through July as compared with 74,500 square feet in March.

The group has bought or signed deals to buy properties worth £20 million since 1 April 2009.

Shaftesbury's property includes office space of 426,000 sq ft. But, as per groups figures demand for offices is on the decline.

Earlier in May, Shaftesbury had lifted £149 million in a 2-for-3 share sale in order to make the best of investment opportunities.

Shaftesbury shares closed at 369.8p, down 6.45%.