Share Name Share Symbol Market Type Share ISIN Share Description
HELICAL PLC NEX:HLCL.GB NEX Ordinary Share GB00B0FYMT95
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 377.50p 0.00p 0.00p 377.50p 377.50p 377.50p 0 11:02:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
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Helical PLC ACQUISITION OF KEY FARRINGDON DEVELOPMENT SITE

20/05/2019 7:00am

UK Regulatory (RNS & others)


HELICAL (NEX:HLCL.GB)
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RNS Number : 4694Z

Helical PLC

20 May 2019

20 May 2019

HELICAL PLC (the "Company")

ASHBY AND HELICAL ACQUIRE KEY FARRINGDON DEVELOPMENT SITE

Helical plc and AshbyCapital have acquired, in a 50:50 joint venture, a major development site, from private clients of Nuveen Real Estate, in the heart of Farringdon. Situated on the corner of Charterhouse Street and Farringdon Road, the site has an existing planning consent for a building designed by Lifschutz Davidson Sandilands for 192,000 sq ft of offices and ground floor retail. Demolition has already been undertaken and the site is vacant.

Construction will commence later this year with completion anticipated early in 2022. The new building will benefit from floor plates of circa 20,000 sq ft and will be just 100 yards from Farringdon Station, a major transport interchange further enhanced with the advent of Crossrail.

Gerald Kaye, Chief Executive of Helical, commented: "We are big fans of the Farringdon area, which attracts a broad spectrum of occupiers and benefits from superior transport links. We have achieved considerable success in the area to date and are very pleased to be acquiring a further opportunity to add to our Grade A office portfolio of Barts Square, The Kaleidoscope above Farringdon East Crossrail Station and 25 Charterhouse Square."

Peter Ferrari, Chief Executive of AshbyCapital, added: "We are very pleased to be working with the Helical team again on this exceptional development opportunity. This joint venture builds on the success of One Bartholomew, our 221,000 sq ft building which Helical developed for us and which is already two thirds let within five months of completion."

Clive Castle, Director of Offices at Nuveen Real Estate commented "Since our first involvement with this site in 2010, it has been our desire to create an exceptional piece of real estate aligned to where occupier requirements are moving. The location is second to none and it has been our pleasure to work with a talented design team and the City Corporation to work up the scheme. We look forward to seeing what will inevitably be an outstanding delivery by Helical and Ashby Capital in 2022"

-ENDS-

For further information please contact:

Helical

Gerald Kaye

Tel: 020 7629 0113

FTI Consulting

Dido Laurimore/Richard Gotla/Andrew Davis

Tel: 020 3727 1000

schelical@fticonsulting.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 20, 2019 02:00 ET (06:00 GMT)

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