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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Helical Plc | LSE:HLCL | London | Ordinary Share | GB00B0FYMT95 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.20 | -1.61% | 195.20 | 195.20 | 196.60 | 198.40 | 195.00 | 195.20 | 53,894 | 16:35:20 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Lessors Of Real Property,nec | 49.85M | -64.51M | -0.5230 | -3.76 | 242.27M |
From Apr 2019 to Apr 2024
TIDMHLCL
RNS Number : 3521T
Helical PLC
20 March 2019
20 March 2019
HELICAL PLC (the "Company")
ONE CREECHURCH PLACE, EC3, ACHIEVES 100% OCCUPANCY FOLLOWING FINAL LETTING
Helical plc, one of London's leading property developers, has agreed the final letting at One Creechurch Place, EC3, meaning that the 17 storey, prime office scheme is now 100% let.
Hyperion Insurance Group ("Hyperion"), the international insurance intermediary, and already the largest tenant at the building has taken the fourth floor, 16,000 sq ft on a 15 year lease. Following this letting, Hyperion will occupy a total of nine floors of the building representing 147,921 sq ft.
Located in the heart of London's insurance and financial districts, the 272,505 sq ft multi let scheme is now let to seven different companies from the insurance and tech industries including Dell Corporation, Softcat, Travelers and Enstar.
The building was developed by Helical with the City of London in joint venture with HOOPP (Healthcare of Ontario Pension Plan), which saw the companies jointly fund the project in a 90:10 split (HOOPP:Helical/City), with Helical acting as development manager. Following this successful outcome, Helical will receive the balance of its profit share and its equity stake in the project will be returned for reinvestment into other opportunities.
Gerald Kaye, CEO of Helical, said: "The culmination of this successful letting campaign for One Creechurch Place shows clearly that there is always demand for the best-located and highest-quality office developments, whilst the draw of London to global businesses remains strong.
"Working in joint venture with HOOPP and the City of London allowed us to deliver a spectacular flagship building and we are very proud to have completed the lettings with a strong line up of occupiers."
Savills acted for Hyperion. The City of London, Helical and HOOPP were advised by Cushman & Wakefield, Ingleby Trice, JLL and Savills.
For further information please contact:
Helical Gerald Kaye Tel: 020 7629 0113 FTI Consulting Dido Laurimore/Richard Gotla Tel: 020 3727 1000
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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(END) Dow Jones Newswires
March 20, 2019 03:00 ET (07:00 GMT)
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