Helical ‘encouraged’ by office occupier sentiment

Outgoing Helical chief executive Gerald Kaye said London’s office market “remains strong” and that the company is “encouraged by improving occupier sentiment” as he prepares to hand over his role to Matthew Bonning-Snook at today’s annual general meeting. In a trading update, the investor-developer said it reduced it vacancy at the Loom, E1, by nearly 8% since April and is close to 100% occupancy at the JJ Mack Building, EC1.  At The Loom, the company has let 12,103 sq ft across six units to four new tenants, at an average rent of £43 per sq ft. Two existing tenants have restructured their respective lease arrangements, extending their occupancy within the building. At the JJ Mack Building, the fourth floor has been let to the global business travel division of Amex, with the 10th floor under offer and only the fifth floor unlet. Image from PR