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Pin to quick picksHelical Bar Regulatory News (HLCL)

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HELICAL SELLS HAMMERSMITH INVESTMENT FOR £34.5M

21 Nov 2016 07:00

RNS Number : 6242P
Helical PLC
21 November 2016
 

21 November 2016

HELICAL PLC

('Helical'/ 'the Company')

HELICAL SELLS HAMMERSMITH INVESTMENT FOR £34.5M

 

Helical announces that it has sold One King Street, in Hammersmith, West London to Orchard Street Investment Management UK for £34.5m reflecting a net initial yield of 4.85%. The sale price is in line with the March 2016 book value.

Helical acquired the office building from receivers in 2012 and since then has undertaken a programme of value enhancement through the rolling refurbishment of the office space and adding an additional floor to the building to deliver 26,000 sq ft of offices with retail units on the ground floor. The property is fully let to a range of tenants at rental levels that set a new benchmark for the Hammersmith market at the time of leasing.

Tom Anderson, Senior Investment Executive at Helical commented; "Having delivered on our business plan to provide a good quality institutional grade investment, this had now become one of our more mature investments and we therefore took the opportunity to make this disposal, the proceeds of which will be recycled into our London development and refurbishment programme."

Orchard Street was advised by Savills.

 

For further information please contact:

Helical

Duncan Walker/Tim Murphy/Tom Anderson

Tel: 020 7629 0113

FTI Consulting

Dido Laurimore/Tom Gough/Richard Gotla

Tel: 020 3727 1000

 

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISGGGMUGUPQGMR
Date   Source Headline
25th Mar 20247:00 amRNSHELICAL AGREES SALE OF 25 CHARTERHOUSE SQUARE
15th Mar 20247:00 amRNSThree Crowns signs lease at The JJ Mack Building
14th Mar 20244:31 pmRNSDirector/PDMR Shareholding
8th Feb 20249:15 amRNSChanges to Board and Committee Composition
23rd Jan 20243:59 pmRNSDirector/PDMR Shareholding
16th Jan 202411:09 amRNSDirector/PDMR Shareholding
15th Jan 202410:27 amRNSMajor Shareholding Notification
11th Jan 20244:06 pmRNSMajor Shareholding Notification
9th Jan 20247:00 amRNSTrading Update
6th Dec 20238:34 amRNSHolding(s) in Company
5th Dec 20237:00 amRNSSainsbury's signs lease at The JJ Mack Building
30th Nov 20233:57 pmRNSHolding(s) in Company
29th Nov 20232:53 pmRNSDirector/PDMR Shareholding
22nd Nov 20237:00 amRNSHalf-year Report
1st Nov 202312:28 pmRNSWeWork Update
13th Sep 20235:15 pmRNSHolding(s) in Company
13th Sep 20237:00 amRNSDirector/PDMR Shareholding
24th Aug 20238:00 amRNSNotice of Results
1st Aug 20237:00 amRNSNotification of Interests of Directors and PDMRs
19th Jul 20232:41 pmRNSHolding(s) in Company
13th Jul 202311:36 amRNSResult of AGM
13th Jul 20237:00 amRNSTrading Update
12th Jul 20237:00 amRNSHelical signs contract for office portfolio JV
20th Jun 20237:00 amRNSDirector/PDMR Shareholding
13th Jun 20237:00 amRNSNotice of AGM & 2023 Annual Report & Accounts
7th Jun 202310:09 amRNSHolding(s) in Company
2nd Jun 20237:00 amRNSDirector/PDMR Shareholding
1st Jun 20234:46 pmRNSHolding(s) in Company
23rd May 20237:00 amRNSAnnual Results for the Year to 31 March 2023
27th Apr 202311:27 amRNSHolding(s) in Company
24th Apr 20239:18 amRNSDirector Declaration
6th Apr 20237:00 amRNSTrading Update
4th Apr 20237:00 amRNSDirector/PDMR Shareholding
27th Mar 20238:00 amRNSNotice of Results
15th Mar 20234:05 pmRNSDirector/PDMR Shareholding
2nd Mar 202312:43 pmRNSHolding(s) in Company
15th Feb 202312:07 pmRNSHelical selected as preferred office JV partner
17th Jan 20239:28 amRNSDirector/PDMR Shareholding
7th Dec 20224:35 pmRNSDirector/PDMR Shareholding
29th Nov 20229:28 amRNSHolding(s) in Company
22nd Nov 20227:00 amRNSHalf-year Report
14th Nov 202210:05 amRNSMajor Shareholding Notification
14th Nov 20227:00 amRNSFIRST LETTING AT THE JJ MACK BUILDING
11th Nov 202210:27 amRNSMajor Shareholding Notification
24th Oct 20227:00 amRNSTrading Update
12th Oct 202211:46 amRNSNotification under Listing Rule 9.6.14 (2)
13th Sep 20222:26 pmRNSDirector/PDMR Shareholding
9th Sep 20229:40 amRNSDirector/PDMR Shareholding
6th Sep 20224:22 pmRNSDisposal of Kaleidoscope, Farringdon for £158.5m
24th Aug 20229:23 amRNSNotification under Listing Rule 9.6.14 (2)

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