27/11/2015 by Buildington
Helical Bar has exchanged contracts on 93 of the 144 residential units in Phase One of Barts Square development, which commenced in January 2015 and is due for completion in summer 2017.
The second part of the residential element at Barts Square, a further 92 units, is expected to start in late 2016 for Q4 2018 delivery.
During the half year to 30 September 2015, the joint venture sold the office site at One Bartholomew Close for £102.4m to clients of Ashby Capital LLP who will fund the ongoing development, and the joint venture will receive a 50% share in profits upon the successful letting of the building.
Source: Helical Bar Half Year Results for the Six Months to 30 September 2015