Business
Trading Update for the Period Since 1 April 2020
Trading Update for the Period Since 1 April 2020.
About this update from Helical Plc
[{"type":"text","content":"\n \n \n RNS Number : 8082T\n Helical PLC\n 23 July 2020\n \n \n \n \n 23 July 2020\n \n \n \n HELICAL PLC \n \n \n \n \n \n (\"Helical\" or the \"Company\")\n \n \n \n \n \n Trading Update for the Period Since 1 April 2020\n \n \n \n \n \n \n Helical today \n provides an \n update covering its\n trading\n activi\n ty for the period 1 April 2020\n to \n 22\n July 20\n 20\n (\"the Period\"). \n \n \n \n \n \n Commenting on the Company's activities, Gerald Kaye, Chief Executive, said: \n \n \n \n \n \n \"Today's Trading Update is issued against a background of growing optimism that the immediate health threat presented by Covid-19 is receding, permitting the continued re-opening of the UK economy. With city centre retailers and food and beverage operators now open, it is vitally important to the economies of the cities in which we operate, London and Manchester, as well as across the country, that businesses act on the Government's encouragement to return to their offices to work. This will generate considerable and much needed economic activity with a positive knock on effect across a range of sectors.\n \n \n \"Across our portfolio, we are seeing a number of occupiers return, with others making plans to do so after the summer. We continue to support our tenants and are beginning to see a recovery in the letting market, evidenced by some encouraging discussions on the vacant space in our portfolio.\n \n \n \"We believe that the attraction of our high-quality portfolio of new or recently refurbished Grade A offices will endure with businesses continuing to seek well-located and accessible properties, which incorporate the latest in sustainable building design, offer state of the art technology and have occupier health and well-being at their core.\"\n \n \n Operational Performance\n \n \n \n \n \n Portfolio Matters\n \n \n \n \n \n ·\n In our 50:50 joint venture with AshbyCapital, we\n exercised the option under the Development Agreement with The \n City of London to secure a new 150-year lease at 33 Charterhouse Street, London EC1. The c. 200,000 sq ft office development is targeted to complete in Summer 2022. \n \n \n \n \n \n ·\n On 28th April 2020 we completed the sale of 90 Bartholomew Close, Barts Square, London EC1 to La Francaise Real Estate Partners Inte...