Helical said it was making “good progress” with its development pipeline in a trading update for the period 1 April to 12 July 2023.
The developer said it had completed four new lettings in the period totalling 9.967 sq ft (NIA), with the 13,408 sq ft ninth floor of The JJ Mack Building (pictured) in EC1 under offer. Helical reported “good interest” in the remaining space.
Gerald Kaye, chief executive of Helical, said: “Since the start of the financial year we have made good progress with our development pipeline, which totals almost 800,000 sq ft, of ‘best-in-class’ office space to be delivered into an undersupplied market over the course of the next five to six years.
“With planning permission now formally granted at 100 New Bridge Street, EC4, we are on track to take vacant possession of the building in Q4 and commence a comprehensive refurbishment to create a carbon friendly building due to complete in Q2, 2025.
“Our joint venture with Transport for London has also seen progress with contracts signed earlier this week, confirming Helical as TfL’s chosen development partner.”
Helical said it would pay a final dividend of 8.70p for the year ended 31 March 2023 if approved by shareholders at its AGM today [13 July]. This will take the total dividend for the year to 11.75p (2022: 11.15p).
