Helical sells One King Street for £34.5m
21st Nov 2016 07:29
(ShareCast News) - Helical has sold One King Street in Hammersmith, West London, to Orchard Street Investment Management UK for £34.5m. The sale price - which is in line with the March 2016 book value - reflects a net initial yield of 4.85%. Helical bought the office building from receivers in 2012
Read moreHelical confirms two more lettings at The Loom
7th Nov 2016 11:17
(ShareCast News) - Helical confirms two more lettings at The Loom, which is a redeveloped Victorian-era wool warehouse in London's Whitehapel. It said online-mortgage broker Hey Habito and business consultancy Twelve Fifty One Communications have taken a total of 4,750 sq ft in two separate units.
Read moreHelical offloads three assets for £21m
17th Oct 2016 08:40
(ShareCast News) - Helical announced on Monday that it has completed on the disposal of four assets in two separate transactions for a combined price of £20.7m, representing a 10% premium to the March book value. The London-listed firm said the first three sales were for three logistics units locat
Read moreHayward Tyler disposes, leases back Peterborough property
29th Mar 2016 16:46
(ShareCast News) - Specialist engineering group Hayward Tyler disposed of one of its 11.5 acre Peter Brotherhood property in Peterborough on Tuesday, in a sale-and-leaseback deal with Helical Peterborough (HPL) - a special purpose vehicle owned by Helical Bar. The AIM-traded firm had acquired Peter
Read moreHelical Bar acquires Chiswick site
7th Dec 2015 09:04
(ShareCast News) - Property development group Helical Bar has reached a deal to acquire a two-acre office complex in west London from Sapcote Developments. The £34.2m deal will see Helical Bar acquire Chiswick-based Power Road Studios, which houses five standalone buildings offering a total of 62,00
Read moreHelical Bar completes sale of London property
13th Nov 2015 15:12
(ShareCast News) - Property developer Helical Bar has completed the sale of a property in East London to the Standard Life Investments Long Lease Fund. The sale of Empire House, located in Old Street and part of The Bower development, will see the London listed company and Crosstree Rea Estate Partn
Read moreHelical Bar reports good progress in financial year to date
24th Jul 2015 12:28
(ShareCast News) - Property developer Helical Bar has reported steady progress in the financial year to date, thanks to good progress in its London schemes. The London-listed company said it has acquired 46,500 square foot of lettings with an additional 47,500 square foot under offer as its C-Space
Read moreSector movers: Intu and British Land lead real estate stocks lower
18th Feb 2015 14:55
Real estate groups were among the worst performers in London on Wednesday with broker downgrades hitting shares of heavyweights Intu Properties and British Land. Shopping centre owner Intu fell 3% to 365.2p after analysts at Barclays lowered their rating on the stock from 'equal weight' to 'underwei
Read morePanmure Gordon picks out "most vulnerable" UK dividends
18th Feb 2015 13:27
Panmure Gordon has warned of "storm clouds on the horizon" for income investors as corporate payouts reach "unsustainable" levels and has picked out several FTSE 350 companies where dividends appear particularly vulnerable. Although the UK economy has begun 2015 in rude health, the broker pointed ou
Read moreHelical Bar acquires £29m industrial portfolio
14th Aug 2014 12:13
Property investment group Helical Bar has acquired a portfolio of 11 warehouses for £29.7m as part of its plan to expand its product portfolio. Helical has purchased 11 industrial estates totalling 460,000 sq ft from a separate account client of Rockspring Property Investment Managers, reflecting a
Read moreHelical Bar offers senior bonds to repay loans
10th Jun 2014 13:05
Helical Bar is offering £85m of senior, unsecured convertible bonds which are due in 2019, the majority of the proceeds to be used to repay its revolving credit facilities. The rest of the proceeds will be left available for it to use to provide funding for its development pipeline and, upon ident
Read moreHelical Bar hits maiden century of profits and eyes outperformance
29th May 2014 15:13
Property investor and developer Helical Bar delivered an impressive set of results for the year to end-March, proclaiming it had hit its maiden century of profits and was well placed to deliver further outperformance. The FTSE SmallCap listed group hoisted net asset value (NAV) 19%, ahead of foreca
Read moreHelical Bar acquires mixed-use property portfolio for 40m pounds
15th Apr 2014 13:35
Property investment group Helical Bar announced it has acquired 10 properties from IM Properties for a total of 40.15m pounds reflecting an 8.35 per cent net initial yield. The annual rental income from the 10 assets is £4.07m and key tenants include National Grid, clothing retailer Next, DHL and J
Read moreMonday broker round-up UPDATE
17th Feb 2014 08:23
Aberdeen Asset Management: Goldman Sachs lowers target price from 600p to 540p, while its buy recommendation is kept. Anglo American: Deutsche Bank cuts target price from 1500p to 1460p, while leaving its hold recommendation unchanged. Credit Suisse raises target price from 1650p to 1900p upgrading
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
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