£333 MILLION FORWARD SALE OF 100 NEW BRIDGE STREET

£333 MILLION FORWARD SALE OF PRIME, CARBON FRIENDLY CITY OFFICE SCHEME AT 100 NEW BRIDGE STREET, LONDON EC4

-TRANSACTION REFLECTS OCCUPIER DEMAND FOR PRIME CITY OF LONDON OFFICES-

Helical and a vehicle managed by Orion Capital Managers have exchanged contracts with an undisclosed party for the forward sale of Helical Bicycle 3 Limited, the corporate entity that owns 100 New Bridge Street, London, EC4, for their occupation. The disposal will complete on practical completion of the building, which is expected in April 2026. The purchaser is an S&P 500 listed global business, with net assets of over $10bn and is rated A to AA category rating across three agencies.

The property forward sale net price of £333 million (Helical share: £166.5m) reflects a capital value of £1,712 psf, which represents a capitalisation yield of 5%, before deducting corporate sales costs and a notional rent free allowance. Helical and Orion Capital Managers will continue to deliver the development through to completion of the works. On completion of the sale, the amount drawn under the £155m development facility will be repaid. Surplus funds will be paid out to each joint venture partner in accordance with the terms of the joint venture agreement signed in May 2024.

100 New Bridge Street will deliver 195,000 sq ft best-in-class office space, targeting the highest sustainability, technology and wellbeing standards including EPC A, BREEAM 'Outstanding', NABERS 5*, WELL Platinum and WiredScore Platinum. The 10 storey building is undergoing a comprehensive refurbishment, stripping it back to its frame, recladding and adding two additional floors. The completed development will include an exceptional eighth floor terrace of 7,450 sq ft, which will provide magnificent views of St. Paul's Cathedral and across Central London.

The estimated consideration payable for purchase of the shares of Helical Bicycle 3 Limited is £104m (Helical share: £52m).

Matthew Bonning-Snook, CEO of Helical plc commented:

"This transaction is a true reflection of the quality of 100 New Bridge Street as a London headquarters destination. The very strong interest we received in the scheme over a year ahead of completion is testament not only to its best-in-class characteristics, but also the acute shortage of prime office space within the submarkets Helical has targeted as part of its significant development programme."

Aref Lahham, Founding Partner and Managing Director of Orion Capital Managers commented:

"The sale of 100 New Bridge Street, following the leasing success of Panorama St Paul's, represents a further vindication of Orion's strategy to gain exposure to leasing risk in new best-in-class offices in the most in-demand locations across gateway cities in Europe. This transaction successfully capitalised on the intensifying occupier demand for the revitalised heart of the City of London amidst increasing supply constraints."

Helical and Orion Capital Managers were advised by Knight Frank and Ingleby Trice.

For further information, please contact:

Orion Capital Managers

Via Montfort Communications Email: [email protected]

Aaron Bass Tel: 07860 640 595

Finn Vijayakar