Helical PLC ONE CREECHURCH PLACE ACHIEVES 100% OCCUPANCY (3521T)
March 20 2019 - 2:00AM
UK Regulatory
TIDMHLCL
RNS Number : 3521T
Helical PLC
20 March 2019
20 March 2019
HELICAL PLC (the "Company")
ONE CREECHURCH PLACE, EC3, ACHIEVES 100% OCCUPANCY FOLLOWING
FINAL LETTING
Helical plc, one of London's leading property developers, has
agreed the final letting at One Creechurch Place, EC3, meaning that
the 17 storey, prime office scheme is now 100% let.
Hyperion Insurance Group ("Hyperion"), the international
insurance intermediary, and already the largest tenant at the
building has taken the fourth floor, 16,000 sq ft on a 15 year
lease. Following this letting, Hyperion will occupy a total of nine
floors of the building representing 147,921 sq ft.
Located in the heart of London's insurance and financial
districts, 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.
The building was developed by Helical with the City of London in
joint venture with HOOPP (Healthcare of Ontario Pension Plan),
which saw the companies jointly fund the project in a 90:10 split
(HOOPP:Helical/City), with Helical acting as development manager.
Following this successful outcome, Helical will receive the balance
of its profit share and its equity stake in the project will be
returned for reinvestment into other opportunities.
Gerald Kaye, CEO of Helical, said: "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 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.
For further information please contact:
Helical
Gerald Kaye Tel: 020 7629 0113
FTI Consulting
Dido Laurimore/Richard Gotla Tel: 020 3727 1000
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END
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