Helical in £19.4m selling spree

Helical has made £19.4m of UK disposals. It has sold Calver Quay inWarrington, for £4.725m to Cabot Properties. The 70,000 sq ft logistics property is fully let to two tenants. Helical has recently completed a re-gear on the largest of the two leases. CBRE acted for the buyer. It has also sold Chart House in Islington, N1, a 10,000 sq ft single-let office building, for £7.5m to a private purchaser. Finn & Co acted for the buyer. Helical has also exchanged contracts on a single let, 21,000 sq ft office building in Cobham to a private purchaser for £7.15m. LSH acted on behalf of Helical and Tudor Toone acted for the buyer. The prices achieved represent an 11.4% premium to March 2016 book values and a 9% premium to the September 2016 valuation. Duncan Walker, investment director at Helical, said: “We continue to rotate our mature assets with these sales, demonstrating the strength of investor demand for income-producing assets.” • To send feedback, e-mail shekha.vyas@estatesgazette.com or tweet @ShekhaV or @estatesgazette