HELICAL SELLS THREE INDUSTRIAL UNITS FOR £20M

RNS Number : 1156E

Helical PLC

07 February 2018

7 February 2018

HELICAL SELLS THREE INDUSTRIAL UNITS FOR £20 MILLION

Helical, one of London's leading property developers, has completed the sale of three logistics assets to a fund managed by Clearbell Capital LLP for a total of £20.25 million. The assets are Aspect Way in Doncaster (122,600 sq ft), Sandal Stones Road in Doncaster (153,500 sq ft) and Wyatt Way, Thetford (127,600 sq ft).

The sale, at a combined 4% premium to September 2017 book value, is in line with Helical's strategic shift to concentrate on office developments and investments in London and Manchester.

Tom Anderson, Senior Investment Executive at Helical, said: "These recent sales are another step along the way for Helical as we focus our portfolio on primarily office-led activity within London and Manchester. The sale follows a series of non-core disposals including our retirement living and retail assets."

CPP Partners acted for Helical.

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