Helical exceeds targets in ‘good first half’
Helical has hailed a “good first half”, with development and leasing targets met or exceeded.
In a trading update this morning, chief executive Gerald Kaye said: “We achieved practical completion of the JJ Mack Building, EC1, on 30 September 2022 and have a strong level of interest from occupiers seeking the best-in-class and most sustainable office space.”
More than £200m of sales were completed, with the sale of Kaleidoscope, EC1, to Chinachem Group accounting for £158.5m.
Helical has hailed a “good first half”, with development and leasing targets met or exceeded.
In a trading update this morning, chief executive Gerald Kaye said: “We achieved practical completion of the JJ Mack Building, EC1, on 30 September 2022 and have a strong level of interest from occupiers seeking the best-in-class and most sustainable office space.”
More than £200m of sales were completed, with the sale of Kaleidoscope, EC1, to Chinachem Group accounting for £158.5m.
Four new lettings, totalling 19,642 sq ft and delivering contracted rent of £1.3m at a 2.2% premium to 31 March 2022 ERVs, were completed in the period, including 9,500 sq ft at the Tower, EC1.
Kaye also praised today’s opening of the Elizabeth Line station on Bond Street, completing the project. “The new line improves east-west connectivity enormously and we should all take considerable pride in this great feat of engineering,” he said.
Helical is waiting for planning on its next development, 100 New Bridge Street, EC4.
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