Helical Bar Completed 15 Lettings In 1Q >HLCL.LN

21st Jul 2010 07:21

LONDON (Dow Jones)--Helical Bar PLC (HLCL.LN), a property development and investment company, said Wednesday there has been further evidence to support its view that the previous strong recovery in property values is stalling, and whilst it is actively considering a number of potential acquisitions it will remain selective, only seeking to purchase those properties which it believes offer exceptional growth or income potential. MAIN FACTS: -During the quarter ended June 30 completed 15 lettings, increasing annualized income by GBP300,000. -Co. has also completed a further 15 lease renewals, securing GBP370,000 of annual rent. -Both cash and bank facilities available. -Shares closed Tuesday at 279.4 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; [email protected] (END) Dow Jones Newswires July 21, 2010 02:21 ET (06:21 GMT)