7 Feb 2018 07:00
7 February 2018
HELICAL SELLS THREE INDUSTRIAL UNITS FOR £20 MILLION
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Helical, one of London's leading property developers, has completed the sale of three logistics assets to a fund managed by Clearbell Capital LLP for a total of £20.25 million. The assets are Aspect Way in Doncaster (122,600 sq ft), Sandal Stones Road in Doncaster (153,500 sq ft) and Wyatt Way, Thetford (127,600 sq ft).
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The sale, at a combined 4% premium to September 2017 book value, is in line with Helical's strategic shift to concentrate on office developments and investments in London and Manchester.
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Tom Anderson, Senior Investment Executive at Helical, said: "These recent sales are another step along the way for Helical as we focus our portfolio on primarily office-led activity within London and Manchester. The sale follows a series of non-core disposals including our retirement living and retail assets."
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CPP Partners acted for Helical.
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 For further information please contact:
Helical | |
Gerald Kaye / Tom Anderson | Tel: 020 7629 0113 |
FTI Consulting | |
Dido Laurimore/Tom Gough/Richard Gotla | Tel: 020 3727 1000 |
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