HELICAL BUILDS ON LETTINGS MOMENTUM

RNS Number : 8911R

Helical PLC

15 December 2016

 

15 December 2016

HELICAL PLC (the "Company")

HELICAL BUILDS ON LETTINGS MOMENTUM ACROSS PORTFOLIO

TAKING TOTAL OFFICE LETTINGS IN Q4 2016 TO OVER 125,000 SQ FT

Helical is pleased to announce a series of new lettings across its office portfolio, building on the strong momentum already achieved in the final quarter of 2016.

·    At Churchgate and Lee House, Manchester, Economic Solutions has agreed a seven year lease on 15,500 sq ft of office space.

·    At The Loom, Whitechapel, Tribe Marketing has taken 5,700 sq ft of space on a five year lease, taking total lettings at The Loom in 2016 to in excess of 30,000 sq ft.

·    At Power Road Studios, Chiswick, Interhome has taken 881 sq ft on a five year lease.

The total rent achieved across the three transactions is £531,500 per annum which represents a 6% premium to September ERVs.

Following these recent lettings, Helical has secured new lease agreements on over 125,000 sq ft of space across seven buildings and with 25 different occupiers, demonstrating the attractiveness of Helical's assets to the occupier market and the Company's ability to close transactions.

Commenting, Duncan Walker, Investment Director at Helical said:

"These transactions are further evidence of the strength of the occupier market across the UK for the right space and at the right price. We are pleased to be finishing the calendar year with this strong performance and look forward to building on this in 2017."

For further information please contact:

Helical plc
Duncan Walker/Tim Murphy	Tel: [phone]
FTI Consulting
Dido Laurimore/Tom Gough/Richard Gotla	Tel: [phone]

 

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