Helical has completed the sale of 92 residential units out of 144 and exchanged contracts on a further 42 units for a combined gross sales value of £171.9m at an average of £1,558 psf.
The delivery of the final units is due by August 2018;
Construction of the second phase of 92 residential units is due to complete in phases Q4 2019 to Q1 2020 and, since its launch in March this year, they have exchanged on 23 units and have a further five units under offer for a combined gross sales value of £45.2m at an average of £1,819 psf;
At 90 Bartholomew Close, an office refurbishment of 24,000 sq ft with additional retail/restaurant space, we have let the 6,414 sq ft of ground and lower ground floor space to Wright & Bell for a restaurant and bar; and The construction of One Bartholomew, a new 12 storey office building of c. 214,000 sq ft pre-sold to clients of Ashby Capital LLP, continues with completion due in October 2018. Helical has pre-let the top three floors of this new development, comprising 54,261 sq ft, to The Trade Desk, the global advertising technology company.
Source: Helical plc. trading update for the period 1 April 2018 to 11 July 2018 helical.co.uk