Helical Bar Share News (HLCL)

(ShareCast News) - Property development group Helical Bar has reached a deal to acquire a two-acre office complex in west London from Sapcote Developments.The £34.2m deal will see Helical Bar acquire Chiswick-based Power Road Studios, which houses five standalone buildings offering a total of 62,000 square feet."This acquisition underpins our continued belief in the London market and complements our existing West London portfolio," said group investment director Duncan Walker."It offers immediate income, the potential for the creation of additional space and the luxury of choice as to when to implement any construction activity."Helical Bar shares were up 1.45% to 451.44p at 0921 GMT on Monday.