Helical has completed regears and a new letting totalling circa 60,000 sq ft across six floors at The Bower in London.
Existing occupier Fin, has agreed reversionary leases on the eighth and ninth floor of The Warehouse, totalling 17,400 sq ft, as well as a new lease on 12,400 sq ft of space on the seventh floor. The firm’s leases now extend to 2037 with a break option in 2032.
Beauty and wellness booking marketplace Fresha has also regeared its lease of 29,700 sq ft across three floors in The Tower, extending the term to 2037 with a break option in 2032.
The letting of the seventh floor of The Warehouse increases total occupancy at The Bower to 93.7%, with further space under offer which once let will take occupancy to 96.6%.
Matthew Bonning Snook, chief executive officer of Helical, said: “These new leases with Fin and Fresha, two of our largest occupiers, reinforce the continued appeal of The Bower as a best-in-class campus and underpin our strategy of actively managing and enhancing the asset to meet evolving occupier needs, giving businesses the confidence to commit for the long term. The Bower benefits from its prominent position next to Old Street station and continues to attract a diverse mix of occupiers looking to take advantage of the established technology sector developed around the Silicon Roundabout.”
JLL and Compton acted on behalf of Helical. Fin was represented by CBRE and Fresha was advised by Making Moves.
