Helical PLC HELICAL BUILDS ON LETTINGS MOMENTUM (8911R)
December 15 2016 - 2:00AM
UK Regulatory
TIDMHLCL
RNS Number : 8911R
Helical PLC
15 December 2016
15 December 2016
HELICAL PLC (the "Company")
HELICAL BUILDS ON LETTINGS MOMENTUM ACROSS PORTFOLIO
TAKING TOTAL OFFICE LETTINGS IN Q4 2016 TO OVER 125,000 SQ
FT
Helical is pleased to announce a series of new lettings across
its office portfolio, building on the strong momentum already
achieved in the final quarter of 2016.
-- At Churchgate and Lee House, Manchester, Economic Solutions
has agreed a seven year lease on 15,500 sq ft of office space.
-- At The Loom, Whitechapel, Tribe Marketing has taken 5,700 sq
ft of space on a five year lease, taking total lettings at The Loom
in 2016 to in excess of 30,000 sq ft.
-- At Power Road Studios, Chiswick, Interhome has taken 881 sq ft on a five year lease.
The total rent achieved across the three transactions is
GBP531,500 per annum which represents a 6% premium to September
ERVs.
Following these recent lettings, Helical has secured new lease
agreements on over 125,000 sq ft of space across seven buildings
and with 25 different occupiers, demonstrating the attractiveness
of Helical's assets to the occupier market and the Company's
ability to close transactions.
Commenting, Duncan Walker, Investment Director at Helical
said:
"These transactions are further evidence of the strength of the
occupier market across the UK for the right space and at the right
price. We are pleased to be finishing the calendar year with this
strong performance and look forward to building on this in
2017."
For further information please contact:
Helical plc
Duncan Walker/Tim Murphy Tel: 020 7629 0113
FTI Consulting
Dido Laurimore/Tom Gough/Richard Tel: 020 3727 1000
Gotla
This information is provided by RNS
The company news service from the London Stock Exchange
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December 15, 2016 02:00 ET (07:00 GMT)