HELICAL AGREES FINAL LETTING AT C SPACE,SHOREDITCH

RNS Number : 3043O

Helical PLC

04 November 2016

 

4 November 2016

HELICAL PLC

('Helical'/ 'the Company')

HELICAL AGREES FINAL LETTING AT C SPACE, SHOREDITCH

Helical is pleased to announce the letting of the final space at C Space, its 62,000 sq ft, award-winning* office scheme at 37-45 City Road, Shoreditch, London, EC1.

NeuLion Limited, a leading technology product and service provider that specialises in the digital video broadcasting, distribution, and monetisation of live and on-demand content to Internet-enabled devices, has taken the entire top floor and the remaining half of the third floor, totalling 15,387 sq ft, on an 11 year lease with no break but with a right to renew for a further five years. NeuLion has agreed to pay a rental level in line with current market rents.

A former carpet factory, Helical has transformed C Space into a contemporary workplace which has been reconfigured to optimise the efficiency of space, maximise natural light and ensure the building reengages with its surroundings. 75% of the building was pre let to Mullen Lowe Group UK to house all its agencies including advertising agency DLKW Lowe, activation agency Lowe Open and digital agency Lowe Profero.

As an innovator in the technology space, NeuLion wanted an office in the heart of London to showcase their technology and run their European operations enabling them to drive continued growth throughout Europe.  NeuLion is planning to build a brand new Technical Operations Center on the third floor that will be the video hub to monitor various services and operations 24 hour a day, 7 days a week.

Matthew Bonning-Snook, Development Director of Helical commented: "NeuLion is a fantastic new economy business and we look forward to welcoming them to C Space to join the digital advertising and marketing agency Mullen Lowe. Working with architects Buckley Gray Yeoman we set out to attract exciting and creative businesses which appreciate a building rich in its industrial heritage but transformed to provide a fresh, flexible work environment built around the needs of today's businesses. Our success here at C Space and at The Bower helps to demonstrate that we are at the forefront of creating the places and spaces people enjoy working in."

Roy Reichbach, President and Chief Executive Officer of NeuLion, added: "We are excited to move into this space and make it our new home in London.  The office and location is the perfect fit for us as we continue to expand our business and operations in Europe, meeting the needs of our current clients and helping us to land new clients."

Helical was advised by Savills and Hall Kemp and NeuLion was advised by Knight Frank.

For further information please contact:

Helical
Matthew Bonning-Snook	Tel: [phone]
FTI Consulting
Dido Laurimore/Tom Gough/Richard Gotla	Tel: [phone]

Notes to editors:

*Winner of Architects Journal Retrofit award for Offices over 2,000m². Winner Schueco Excellence Awards Commercial Building of the Year. Finalist in the 2016 BCO Awards and the 2016 RICS Awards for Commercial Building of the Year.

 

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