Of the first phase of 144 residential units at Barts Square, Helical has completed on the sales of 120 units and exchanged contracts on a further 14 units for a combined gross sales value of £171.9m at an average of £1,558 psf. Delivery of the final units is due in October 2018;
The second phase of residential, comprising 92 units, was launched in March 2018 and since then contracts on 28 units have been exchanged for a gross sales value of £45.2m at an average of £1,819 psf. Handover of these units will be phased over the period Q4 2019 to Q1 2020.
The construction of One Bartholomew, a new 12 storey building of 214,033 sq ft, pre-sold to clients of Ashby Capital LLP, continues with completion due in November 2018. The building is currently 25% pre-let following the letting during the Period of the top three floors, comprising 54,482 sq ft, to the Trade Desk Inc.
At 90 Bartholomew Close, a 24,013 sq ft office development, with 6,414 sq ft of restaurant space, Helical has agreed terms for a letting of the fifth floor, whilst the ground and lower ground restaurant space was let during the Period to Wright & Bell, a restaurant operator.
Source: Helical Bar Portfolio and Trading Update for 1 April 2018 to 25 September 2018.