(Alliance News) - Helical PLC on Wednesday said it has signed a contract to partner with Transport for London on a commercial office portfolio joint venture.
Back in February, TfL's commercial property company selected Helical as its preferred investment partner for a sustainable commercial office portfolio across central London. With the contracts now signed, Helical is confirmed as the joint venture partner.
The partnership will see the delivery of new office space above or close to London Tube stations. It currently consists of three new commercial office developments at Bank, Paddington and Southwark, totalling around 600,000 square feet.
Helical is a London-focused property investment and development company. Shares in the firm were down 0.6% at 265.00 pence on Wednesday morning in London.
By Heather Rydings, Alliance News senior economics reporter
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Helical Bar (HLCL)