Business
AGM Trading Update
AGM Trading Update.
About this update from Helical Plc
[{"type":"text","content":"\n \nRNS Number : 0878F Helical Bar PLC 25 July 2016 \n\n25 July 2016 \n \nHelical Bar plc (\"Helical\" or the \"Company\")\nTrading Update for the period since 1 April 2016\n \nGOOD PROGRESS MADE ACROSS HELICAL'S DEVELOPMENT, ASSET MANAGEMENT AND INVESTMENT OPERATIONS\n \nENCOURAGING POST-REFERENDUM LONDON REAL-ESTATE ACTIVITY\n \nHelical Bar plc today announces its trading update covering its activities for the period 1 April 2016 to 24 July 2016 (\"the Period\"). \n \nCommenting on the Company's activities, Michael Slade, Chief Executive, said: \n\"Our strategy to capture the reversionary potential of our portfolio and develop high quality space is proceeding to plan, with good progress made at The Loom, London E1 and Churchgate and Lee House, Manchester. \n \n\"Although the result of the EU referendum has led to some uncertainty, we have been quietly encouraged by the continuation of both letting and transactional activity witnessed across the London market since the vote. As a business, we remain cautiously optimistic that, given our robust financial position and the characteristics of our London assets, which we believe will remain attractive to a variety of different types of occupier, we are well-positioned to weather any headwinds.\n \n\"Whilst commercial development has come under particular scrutiny, Helical's own development programme is substantially de-risked, with its two largest office developments, at One Bartholomew Close EC1 and One Creechurch Place EC3, being funded by its partners, with Helical providing limited equity with negligible additional exposure required.\n \n\"This is my last update as Ch...