Helical has sold its 10% stake in One Creechurch Place, EC3, to its joint venture partner HOOPP
Data warehousing company Snowflake takes 14th floor in The Tower.
The terms of the deal allow drawdowns of up to 60% of value
It recorded 11 new lettings at five London assets from 1 April to 10 July
REIT says it has significantly increased its firepower to acquire new projects
Finablr Venture Holdings has taken the 17th floor at The Bower
The deal means the Old Street development is now 63% let within 10 weeks of practical completion
The sale of the 150,000 sq ft property, known as the Shepherds Building, is expected to complete next month.
Helical has agreed a £50.4m, five-year loan facility with Wells Fargo to finance Helical’s £120m, 90,000 sq ft office development above Farringdon East Crossrail Station, EC1.
Helical has sold London Road Retail Park, Southend on Sea, to George Capital Real Estate Fund for £14.2m – a 7.75% yield
Duncan Walker, Helical’s investment director, is leaving the firm with immediate effect