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HLCL Helical Plc

202.50
2.50 (1.25%)
23 Apr 2024 - Closed
Delayed by 15 minutes
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
  2.50 1.25% 202.50 201.00 202.50 201.50 196.00 196.00 24,045 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Lessors Of Real Property,nec 49.85M -64.51M -0.5230 -3.82 246.71M

Helical PLC SALE OF REMAINING NON-CORE ASSETS FOR £28.46M (2585Q)

05/06/2018 7:00am

UK Regulatory


Helical (LSE:HLCL)
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RNS Number : 2585Q

Helical PLC

05 June 2018

5 June 2018

HELICAL PLC

('Helical'/ 'the Company')

HELICAL SELLS ITS REMAINING NON-CORE ASSETS AND IS NOW 100% LONDON AND MANCHESTER FOCUSED

Helical plc announces that it has exchanged contracts to sell individually its three remaining non-core investment assets, for a total consideration of GBP28.46 million, representing a 6.6% premium to the March 2018 book value and reflecting an aggregate net initial yield of 7.6%.

The assets are Otford Road Retail Park in Sevenoaks, Spencer House in Reading and The Hub in Glasgow, all acquired between 2003 and 2013.

Tom Anderson, Senior Investment Executive at Helical, said: "The sales, achieved at a premium to book value, will allow us to focus our undivided attention on our London and Manchester portfolios, where we are seeing strong occupier demand for our high-quality, well-located office investments and developments."

Helical was represented by Wilkinson Williams, LSH and Tudor Toone.

For further information please contact:

 
 Helical 
 Tom Anderson/Gerald Kaye           Tel: 020 7629 0113 
 
 FTI Consulting 
 Dido Laurimore/Tom Gough/Richard   Tel: 020 3727 1000 
  Gotla 
 

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

DISBLGDLDSGBGIS

(END) Dow Jones Newswires

June 05, 2018 02:00 ET (06:00 GMT)

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