UPDATE: Helical celebrates rental growth, strong leasing market

Helical PLC - London-focused property developer - Says leasing market for "best-in-class" office ...

Alliance News 17 July, 2024 | 11:32AM
Email Form Facebook Twitter LinkedIn RSS

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%

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Helical PLC 237.50 GBX 0.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures