HELICAL BAR ACHIEVES PLANNING AT BARTS SQUARE

RNS Number : 7005R

Helical Bar PLC

21 November 2012

Helical Bar plc ("Helical" or the "Group")

Helical Bar has received a resolution to grant planning permission and conservation area consent for its proposed mixed use development at the former St Bartholomew's Hospital site in London, EC1.

The Members of the City Planning Committee voted unanimously in favour of the resolution to grant planning permission and conservation area consent subject to entering into a Section 106 Agreement and other defined planning conditions.

The buildings on the site are currently let to the NHS but will become vacant on a phased basis over the course of the next two to four years and Helical's scheme, designed by architects Sheppard Robson, will bring much needed regeneration to this area of the City. The scheme comprises circa 230,000 sq ft of office space in two buildings and 215 high quality residential apartments in 17 buildings with retail space at ground floor level. The developer proposes significant public realm improvements, which will be incorporated into the wider Smithfield Area Strategy being worked up by the City.

Gerald Kaye, development director at Helical Bar said "We are very excited to have received the resolution to grant and believe the outcome of the Committee's decision reinforces the clear need and support for redevelopment in this area. Our focus will now be to further progress the design to deliver the sympathetic and considered scheme that the area deserves."

Work on site is due to commence in late 2014.

DP9 acted as planning consultants for Helical Bar.

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For Helical Bar enquiries please contact:

Gerald Kaye - Development Director

Tel: 020 7629 0113

Email: gak@helical.co.uk

For all media enquiries please contact:

Stephanie Highett/Dido Laurimore/ Daniel O'Donnell

FTI Consulting

Tel: 020 7831 3113

Email: Stephanie.highett@fticonsulting.com