Helical has pre-let 88,706 sq ft of offices representing 52% of the available space, and 5,395 sq ft of restaurant space in Phase 2, for contracted total gross rental income of £6.1m.
These lettings are as follows:
• Pre-let 59,035 sq ft, covering the first six floors, to WeWork, the flexible shared office provider;
• Pre-let 29,671 sq ft during the Period, covering floors seven to nine to an existing tenant of Phase 1 for expansion space; and
• Pre-let 5,395 sq ft during the Period, to restaurant operator, Albion & East, for an urban bar which will include its own on-site gin distillery.
The whole scheme is 74% let with growing interest in the remaining 82,728 sq ft of office space, which comprises the top eight floors of The Tower.
Source: Helical Bar Portfolio and Trading Update for 1 April 2018 to 25 September 2018.