Practical completion Kaleidoscope office development above the Farringdon East Elizabeth Line station was achieved in December 2019. Helical is now actively marketing the 86,064 sq ft of office space, spread over five floors, alongside a ground floor restaurant and kiosk units.
Source: Helical Bar Plc Half Year Results For the Six Months from 1st October 2019 www.helical.co.uk
02/04/2020 17:59 by Buildington
Farringdon East is now known as Kaleidoscope. The development is marketed by JLL and Pilcher Hershman. See more at kaleidoscopefarringdon.com.
23/05/2019 14:15 by Buildington
Helical has held a ceremony to mark the topping-out of the Farringdon East, the oversite office-led development above the Elizabeth line eastern ticket hall at Farringdon station.
The six-storey building is due to be completed by the end of 2019.
Matthew Bonning-Snook, Property Director at Helical, commented: “Reaching this major milestone is another positive step towards delivering almost 90,000 sq. ft. of Grade A office space right in the heart of Smithfield. The impact of the Elizabeth line will ensure that Farringdon’s appeal as a commercial and social hub continues to grow further, which is why we expect this to be highly sought-after office accommodation.”Ben Tate, Head of Property Development – Crossrail Oversite Developments (OSDs) at Transport for London, said: “The oversite development above Farringdon station will provide fantastic new office space and a restaurant for those working and dining in the capital. As a key part of our huge development pipeline, the Elizabeth line property schemes are directly opening up opportunities for new jobs and homes, and will raise vital revenue to reinvest in London’s transport network.”
27/03/2019 19:33 by Buildington
Helical has taken possession of the site above the Farringdon East Elizabeth Line station and has started construction of a new c.89,000 sq ft office building with a ground floor restaurant unit. Completion of the building is expected in November 2019.
Source: Helical Bar Portfolio and Trading Update for 1 April 2018 to 25 September 2018.
26/09/2018 20:49 by Buildington
Helical has taken possession of the site above the Farringdon East Elizabeth Line station and is undertaking pre-construction works on this 89,000 sq ft new office building due for completion in November 2019. Construction of the superstructure is due to start in August 2018.
Source: Helical plc. trading update for the period 1 April 2018 to 11 July 2018 helical.co.uk
13/07/2018 20:35 by Buildington
Helical plc has exchanged a development agreement with Transport for London with respect to the Over Station Development at the Farringdon East Crossrail Station which will lead to the creation of an office-led scheme with a gross development value of over £120m.
A new 150 year lease is to be granted on handover of the site which is due in April 2018 - shortly after which construction is expected to begin.
Completion of the scheme is expected in October 2019.
Farringdon East Crossrail Station is due to be operational in December 2018 and will make Farringdon one of the biggest transport interchanges in Britain with 140 trains per hour. Farringdon will be the only station from which passengers will be able to access all three rail networks – Crossrail, Thameslink and the London Underground – and is expected to receive 27 million passengers a year. The Elizabeth Line will provide access to Bond Street in four minutes, Paddington in seven minutes, Canary Wharf in eight minutes and Heathrow in 31 minutes.
Matthew Bonning-Snook, Property Director at Helical, said: “We are a great believer in the potential of the area given the significant impact of Crossrail and due to the wealth of cultural and public realm improvements that are planned and underway locally. Our adjacent office scheme overlooking Charterhouse Square, which is fully let, together with our Barts Square project which delivers a new urban quarter to the City and Smithfield, further highlights this belief.”
“We will deliver a stunning statement building enlivened by fine–scaled elevations inspired by the 19th century warehouses that frame the historic Smithfield Market. The external treatment of the building is sympathetic to its surroundings and reflects the colour palette of the architecture in the area, including vertical terracotta fins which will provide a different reading to each elevation dependent on the direction from which the building is viewed.”
Graeme Craig, Director of Commercial Development at TfL, commented: “The Elizabeth line is set to redefine travel across our city and it is fantastic to see the sites above some of the major central London stations progressing. They will deliver much needed homes, office and commercial space and have been planned as an integral part of the development of the new railway, supporting new jobs and driving economic growth.”
JLL and Pilcher Hershman acted on behalf of Helical and TfL was advised by Deloitte.
26/03/2018 21:14 by Buildington