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WeWork Update

1 Nov 2023 12:28

RNS Number : 0708S
Helical PLC
01 November 2023

1 November 2023

HELICAL PLC ("Helical" or the "Group")

WeWork Update

Following recent press coverage regarding WeWork, Helical confirms that last Friday, the 27 October, it exercised its right to forfeit the individual leases for six floors at The Bower, Old Street, following non-payment of rent for the September quarter.

Subsequently, Helical has entered into a short-term licence arrangement with WeWork, who have re-occupied the building, with Helical having received a fee equivalent to the whole of the September quarter's rent and service charge due under the terms of the previous contractual arrangements.

Helical is working on next steps for the space and will provide an update when the half year results are announced on 22 November.

For further information, please contact:

Helical plc 020 7629 0113

Gerald Kaye/ Tim Murphy

FTI Consulting 020 3727 1000

Dido Laurimore/ Richard Gotla

schelical@fticonsulting.com

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Date   Source Headline
14th Jul 20177:00 amRNSResult of AGM
13th Jul 20176:13 pmRNSHolding(s) in Company
13th Jul 20177:00 amRNSTrading Update
12th Jul 20177:00 amRNSDirectorate Change
29th Jun 20177:00 amRNSDirector/PDMR Shareholding
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16th May 20177:00 amRNSHELICAL ACQUIRES MANCHESTER OFFICE FOR £12.9M
15th May 20177:00 amRNSHELICAL SELLS CARDIFF INVESTMENT FOR £55M
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24th Jan 20177:00 amRNSHELICAL MAKES £19.4M OF MATURE ASSET DISPOSALS
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5th Jan 20171:16 pmRNSDirector/PDMR Shareholding
22nd Dec 20162:36 pmRNSDirector/PDMR Shareholding
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24th Nov 20167:00 amRNSHalf-year Report
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23rd Nov 20167:00 amRNSHELICAL SELLS SIX ASSETS FOR £26 MILLION
21st Nov 20167:00 amRNSHELICAL SELLS HAMMERSMITH INVESTMENT FOR £34.5M
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10th Nov 201611:33 amRNSHolding(s) in Company
9th Nov 201611:55 amRNSHolding(s) in Company
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1st Nov 201610:46 amRNSHolding(s) in Company
17th Oct 20167:00 amRNSHELICAL SELLS FOUR ASSETS FOR £20.7 MILLION
27th Sep 20161:00 pmRNSLONDON PROPERTY TOUR
27th Sep 20167:00 amRNSUpdate on Portfolio Activity
23rd Sep 20164:06 pmRNSHolding(s) in Company

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