Helical PLC - London-focused property developer - Says leasing market for ‘best-in-class’ office developments and major refurbishments continued to be strong and demonstrated continued rental growth, for the period from April 1 to Tuesday. ‘Our pipeline of new developments being delivered into a supply constrained market should enable Helical to deliver surpluses over a sustained period,’ says outgoing Chief Executive Officer Gerald Kaye. The company adds that initial facilitating works have started at 10 King William Street prior to the acquisition set for October by Places for London Joint Venture with Transport for London. ‘Design work is continuing to enhance the new eight-storey office development, including modifications to the reception, mezzanine and seventh floors to create additional amenity as well as improve the cycle arrival experience and transform Abchurch Lane into a shared space,’ Helical says.
Current stock price: 237.75 pence per share, up 0.1% on Wednesday afternoon in London
12-month change: down 6.6%
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