Helical PLC - London-based property investor - Sells Trinity building in Manchester to clients of Mayfair Capital. Helical's GBP34.6 million disposal reflects a net initial yield of 5% and was its final property in the city.
Will Parry, senior property executive at Helical, comments: "This disposal again demonstrates our ability to successfully repurpose and reposition assets to create best in class buildings. This sale concludes the disposal of Helical's Manchester office portfolio and the proceeds will now be recycled into new opportunities in our core Central London market."
Current stock price: 435.00 pence
12-month change: up 1.2%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Helical Bar (HLCL)