IN BRIEF: Helical completes GBP12 million return from property sale
20th Jul 2026 11:03
Helical PLC - London property developer and landlord - Completes return of GBP12 million of the profit from the sale of 100 New Bridge Street. The central London office building was sold to State Street Corp for GBP333 million, with Helical receiving GBP166.5 million of this, representing a profit of GBP31 million. The return is conducted by means of a B share scheme, with Helical issuing the shares and then redeeming them for 9.72 pence each in cash. This is set to occur on Tuesday. The capital return is accompanied by a 105-into-100 share consolidation, with the new shares starting to trade in London on Monday. Helical also is conducting a GBP5 million share buyback, for a GBP17 million total return. Read More