Helical PLC - London-focused property developer - Completes sale of its 50% interest in Charterhouse Place Ltd, the owner of the JJ Mack Building in London, to its joint venture partner, London-based investment company AshbyCapital LLP, for GBP71.4 million. This reflects a value of GBP139.2 million for Helical's 50% share of the property. The building generated contracted rent of GBP17.4 million on the day of the sale and is 90% let to six office tenants, including J Sainsbury PLC and Partners Group Holding AG. Read More
(Alliance News) - Helical PLC on Monday said that the market appeared to be moving in its direction, hailing a busy period. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
Helical PLC - London-focused property developer - Says leasing market for "best-in-class" office developments and major refurbishments continued to be strong and demonstrated continued rental growth, for the period from April 1 to Tuesday. "Our pipeline of new developments being delivered into a supply constrained market should enable Helical to deliver surpluses over a sustained period," says outgoing Chief Executive Officer Gerald Kaye. The company adds that initial facilitating works have started at 10 King William Street prior to the acquisition set for October by Places for London Joint Venture with Transport for London. "Design work is continuing to enhance the new eight-storey office development, including modifications to the reception, mezzanine and seventh floors to create additional amenity as well as improve the cycle arrival experience and transform Abchurch Lane into a shared space," Helical says. Read More
Helical PLC - London-focused property developer - Says leasing market for "best-in-class" office developments and major refurbishments continued to be strong and demonstrated continued rental growth, for the period from April 1 to Tuesday. "Our pipeline of new developments being delivered into a supply constrained market should enable Helical to deliver surpluses over a sustained period," says outgoing Chief Executive Officer Gerald Kaye. The company adds that initial facilitating works have started on Places for London joint venture's acquisition of the site at 10 King William Street. The joint venture is with Transport for London. "Design work is continuing to enhance the new eight-storey office development, including modifications to the reception, mezzanine and seventh floors to create additional amenity as well as improve the cycle arrival experience and transform Abchurch Lane into a shared space," Helical says. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - Helical PLC on Thursday said it appointed a new chief executive officer as it reported its annual loss widened significantly, amid a sharp increase in the loss on the revaluation of investment properties. Read More
(Alliance News) - Helical PLC on Monday sold a 50% stake in a City property for GBP55 million to help fund its redevelopment. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
Helical PLC - London-focused property developer - Says as at April 19, it has collected 98.4% of the rent for the three months to March 31, and has also collected 99.0% of all rent contracted and payable for the financial year ended March 31. Of the balance, says 0.6% remains to be collected via payment plans with the remaining 0.4% subject to ongoing discussions or written off. Adds that since January, it has signed leases at JJ Mack, an office building in London comprising 11 floors. Says it has also signed leases at The Bower in London. Says it will release its full-year results in May. Chief Executive Officer Gerald Kaye says: "We are looking ahead to the rest of year with cautious optimism as we progress the delivery of best-in-class office space into what is becoming an increasingly undersupplied market." Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
Helical PLC - London-focused property developer - Says that along with Ashby Capital Ltd, has let the eighth floor of the JJ Mack Building to Three Crowns LLP, an international arbitration law firm. The firm plans to relocate to JJ Mack, which is located at 33 Charterhouse Street, EC1, from its existing offices at New Fetter Place in early 2025. The lease is for 15 years. Read More
(Alliance News) - Helical PLC on Tuesday said it continued to enjoy sound rent collection. Read More