Helical plc has agreed the final letting at One Creechurch Place to Hyperion Insurance Group, the international insurance intermediary.
Hyperion is already the largest tenant at the building and has taken a further fourth floor, 16,000 sq ft on a 15-year lease. The 17-storey, prime office scheme is now 100% let.
Hyperion will occupy a total of nine floors of the building representing 147,921 sq ft.
The 272,505 sq ft multi-let scheme is now let to seven different companies from the insurance and tech industries including Dell Corporation, Softcat, Travelers and Enstar.
Gerald Kaye, CEO of Helical, commented: “The culmination of this successful letting campaign for One Creechurch Place shows clearly that there is always demand for the best-located and highest-quality office developments, whilst the draw of London to global businesses remains strong. Working in a joint venture with HOOPP and the City of London allowed us to deliver a spectacular flagship building and we are very proud to have completed the lettings with a strong line up of occupiers.”
Savills acted for Hyperion. The City of London, Helical and HOOPP were advised by Cushman & Wakefield, Ingleby Trice, JLL and Savills.
20/03/2019 10:53 by Buildington
Helical plc and Healthcare of Ontario Pension Plan HOOPP have let a further floor at One Creechurch Place, meaning that only the fourth floor (16,023 sq ft) of the 17-storey building – or 6% – remains available.
West of England, a leading mutual marine insurer, has agreed to a 10-year lease on the ninth floor. It joins a number of other leading businesses and insurance brands including Hyperion, Coverys, Dell, Enstar, Softcat and Travelers.
Gerald Kaye, CEO of Helical, commented: “Creechurch has attracted not only tenants from the insurance sector but also from the IT/Media sectors as witnessed by the lettings to Dell and Softcat. The exceptional working environment and strategic location have been the main reason for this.”
Helical’s joint letting agents are Cushman & Wakefield, JLL, Ingleby Trice and Savills. West of England was advised by Savills.
17/10/2018 09:19 by Buildington
Helical plc has agreed a further 15,994 sq ft letting at One Creechurch Place.
Coverys Managing Agent Limited, a Lloyd’s managing agency owned by Coverys, the leading Medical Professional Liability insurer, has agreed a 10-year lease on the 6th floor.
They join a number of other leading business and insurance brands including Hyperion, Enstar, Dell and Travelers, who have all been attracted to the 272,505 sq ft building due to its high quality clear open floor plates providing excellent natural light and good views, as well as access to public realm.
Just four and a half floors of the 17-storey building, totalling 69674 sq ft, remain to be let, meaning 75% of the building is now occupied.
Gerald Kaye, CEO of Helical, commented: “This is another strong letting for Creechurch, secured on favorable terms, and one supporting our view that London remains the city of choice for a diverse range of occupiers. As with all our developments, we had a strong vision for the building; a sophisticated working environment that allows leading businesses to flourish, whilst being able to enjoy new public realm and local green spaces, in this case Mitre Square and Aldgate Square. We are optimistic about letting the remaining space during 2018.”
Helical’s joint letting agents are Cushman & Wakefield, JLL, Ingleby Trice and Savills. Coverys was advised by Savills.
11/05/2018 14:02 by Buildington
Helical has let 186,194 sq ft to four tenants during the past 6 months - Hyperion (115,910 sq ft), Travelers (15,969 sq ft), Enstar (31,958 sq ft) and Dell Corp. (22,357 sq ft);
The sixth floor (15,994 sq ft) is currently under offer and there is interest being shown in the remaining space (70,317 sq ft).
Source: Helical plc today presents a summary of its portfolio and a trading update covering its activities for the period 1 October 2017 to 28 March 2018 helical.co.uk
29/03/2018 15:48 by Buildington
Helical has signed leases with Hyperion for 115,910 sq ft and Travelers for 15,969 sq ft at One Creechurch Place since 30 September 2017. This represents 48% of the building. Another two tenants have put 60,017 sq ft under offer, which, if concluded, will result in the building being 70% let.
- Helical Plc Half Year Results for the Six Months to 30 September 2017 investis.com.
15/11/2017 07:08 by Buildington
One Creechurch Place achieved practical completion on 7 November 2016 and is currently being marketed for occupation. A number of potential tenants have viewed the building and we are hopeful of being able to announce letting progress before our year end in March 2017.
Source: Helical Half-Year Results for the six months to 30 September 2016 helical.co.uk 24th November 2016
24/11/2016 11:51 by Buildington
One Creechurch Place was launched 10th November 2016!
12/11/2016 18:06 by Buildington
Practical completion at One Creechurch Place is expected in October 2016.
The completed building is due to be launched in November and a number of potential tenants are currently showing interest in the building.
Source: Helical Interim Management Statement for the period 25th July 2016 to 26th September 2016
27/09/2016 17:46 by Buildington
Construction of the c. 272,000 sq ft new One Creechurch Place office building is nearing completion (October 2016). Helical expects the building to be launched into a supply constrained market and initial interest is being shown by potential tenants.
Source: Helical Results for the period of 1 April 2016 to 24 July 2016.
27/07/2016 10:34 by Buildington
It is anticipated the completed One Creechurch Place development will have a capital value of c. £250m. The new building, comprising 271,000 sq ft NIA of offices and 2,227 sq ft of retail, is expected to be completed in September 2016.
Source: Helical Bar Half Year Results for the Six Months to 30 September 2015
27/11/2015 10:28 by Buildington
Creechurch Place office building in the City - New on Buildington!
15/07/2014 11:32 by Buildington