Helical PLC - office-focused investment and development company based in London - Says it has collected 87% of rent due in the June quarter of financial 2022 up to Wednesday, with a further 6.7% due in instalments. Expects to have collected up to 96% of June quarter rents by the end of September. Says GBP341 million drawn of GBP481 million investment facilities, plus GBP25 million drawn of its GBP79 million development facilities, leaving GBP194 million available on Wednesday.
Sees increase in letting enquiries and leasing activity in June quarter. Says 55 Bartholomew in east central London now 45% accounted for after letting fourth floor to a developer of online gambling games, Push Gaming. Its Trinity property in Manchester now is 55% let after AEW Architects takes the seventh floor at its March 31 estimated retail value. Payment processing company Stripe agrees a new three-year lease for 12,398 square feet, also at the space's March 31 estimated retail value, indicating a 16% premium in the rent from the original lease. Construction at 33 Charterhouse Street, also in east central London, remains on target for September 2022 completion.
Current stock price: 443.50 pence, up 0.5% on Thursday afternoon
Year-to-date change: up 19%
By Scarlett Butler; scarlettbutler@alliancenews.com
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Helical Bar (HLCL)