Business
Helical completes final letting at The Tower
Helical completes final letting at The Tower.
About this update from Helical Plc
[{"type":"text","content":"\n \nRNS Number : 5821Z Helical PLC 14 January 2020 \n\n14 January 2020\n \nHELICAL PLC (the \"Company\")\n \nHelical completes final letting at The Tower to conclude The Bower's leasing activity\n \n- The 3.12 acre site comprises circa 333,500 sq ft of office and retail space -\n \nHelical plc, one of London's leading property developers, has let the final floor of The Tower, the second phase of its award winning Old Street scheme at The Bower, London, EC1, taking the scheme to 100% let.\n \nBrilliant Basics, an Infosys Company and existing occupier, has taken the 11,331 sq ft 15th floor on a five-year lease, taking its total footprint to 40,479 sq ft across four floors as it continues to implement its UK scale up strategy.\n \nThe Tower is let at an average contracted office rent of £73.55 per sq ft to a diverse range of international businesses, all of whom benefit from the shared facilities at The Bower, which include extensive public realm, an internal café and meeting area, large bike store and shower rooms.\n \nBrilliant Basics is a global leader in Digital Design and Innovation. Infosys acquired the company almost two years ago to expand Infosys' digital and innovation footprint across EMEA. Brilliant Basics is one of several fast growing, design & creative companies that have chosen to move into The Bower, demonstrating its broad occupier appeal.\n \nOther companies occupying The Tower include:\n· Farfetch, the online luxury fashion retail platform;\n· Finablr, the owner of Travelex and UAE Exchange;\n· Incubeta, a multi-national marketing group;\n· Snowflake, a provider of a data warehouse built for the cloud;\n· WeWork, a global provider of flexible, collaborative and shared workspaces;\n \nTom Anderson, Senior Investment Executive of Helical, commented: \"It's brilliant that we were able to conclude this letting on Christmas Eve, rounding off a very successful year of leasing activity for Helical. The Bower is home to a fantastic community of businesses, making it an exciting environment in which to work. This is demonstrated by Brilliant Basics doubling their initial occupation from two floors to four within 12 months.\"\n \nAnand Verma, Founder and CEO of Brilliant Ba...