Helical PLC on Monday said that the market appeared to be moving in its direction, hailing a busy period.

The London-focused property developer said it has been a busy six months, noting the period between April 1 and Friday.

Chief Executive Officer Matthew Bonning-Snook said: ‘Construction is now underway on three new office schemes, with plans progressing at the remaining future development sites. A new revolving credit facility is in place which pushes out our debt maturity, and proactive management of our investment portfolio is reducing vacancy. We will continue to recycle our portfolio, as market conditions allow, providing funds for our future pipeline as well as containing our gearing levels.’

He added: ‘The market appears to be moving in our direction, with our best-in-class office developments due to deliver into a supply constrained 2026.’

Helical will release its interim results for the six months to September 30 on November 26.

Helical shares were 1.2% lower at 211.00 pence each on Monday afternoon in London.

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