Slide 1: Analyst and Investor Tour
Helical Bar plc ANALYST AND INVESTOR TOUR TUESDAY 25TH MARCH 2014 CGI of Barts Square, EC1
Slide 2: London Portfolio
London Portfolio Enterprise House, W2 Old Street, EC1 Maple House, EC1 Shepherds Building, W14 Barts Square, EC1 Clifton Street, EC2 The Power House, Chiswick, W4 New Loom House, E1 Hammersmith, W6 One King Street, W6 Artillery Lane, E1 Mitre Square, EC3 2
Slide 3: 1 King Street, W6
1 King Street, W6 • 35,000 sq ft office building with ground floor retail use. • Acquired in January 2012 for £14.1m. • Refurbishment now completed and building fully let. • Planning consent secured for a 5th floor extension of 3,500 sq ft NIA. • Construction is due to commence in Q4 2014 when VP is
Slide 4: Hammersmith Town Hall, W6
Hammersmith Town Hall, W6 • Working in a joint venture with Grainger plc. • Mixed use regeneration project for Hammersmith and Fulham Borough Council. • Resolution to grant planning permission received in November 2013. • 196 residential units, Curzon Cinema, restaurants and replacement Council offi
Slide 5: Shepherd’s Building, W14
Shepherd’s Building, W14 • 150,000 sq ft multi-tenanted office building. • Acquired vacant in 2000. • Comprehensive refurbishment to create a media-friendly creative office environment. • Occupancy levels consistently high since. • Average rent £24 psf. • 2012/13 lettings at £27.50-£30 psf. • Recent
Slide 6: Enterprise House, W2
Enterprise House, W2 • 45,000 sq ft office building. • Acquired the freehold interest in October 2013 from Network Rail on a sale and leaseback basis for £30.75m, 5.6%. • 20 year lease. Rent £40.70 psf with guaranteed fixed uplift to £46.00 psf (minimum) in 2018, 6.2% on cost. 6
Slide 7: Developments at Old Street ‘Silicon’ Roundabout
Developments at Old Street ‘Silicon’ Roundabout 207 OLD STREET CLIFTON STREET 7
Slide 8: 207 Old Street, EC1
207 Old Street, EC1 • 3.12 acre site comprising circa 286,600 sq ft of existing office and retail space. • Acquired in joint venture with Crosstree Real Estate Partners in December 2012. • Adjacent to Old Street ‘Silicon’ Roundabout. 8
Slide 9: Old Street planning and refurbishment
• Planning consent granted in September 2013. • Increase of 103,000 sq ft NIA. • Phase 1 of refurbishment commenced January 2014. 9
Slide 10: Maple House, EC1
Maple House, EC1 • Existing four storey 50,000 sq ft office building acquired in June 2013. Vacant possession obtained in September 2013. 10
Slide 11: Maple House refurbishment plans
• Planning permission for an extensive refurbishment planned, moving the central core, activating the street frontage and adding an additional floor, creating c. 62,000 sq ft NIA. • Contemporary re- invention of the façade arrangement. • Provide modern and appealing space for the ‘tech belt’ occupie
Slide 12: Clifton Street, EC2
Clifton Street, EC2 • 45,000 sq ft office building, currently under construction. • Helical committed to acquire this asset upon its completion for £21m, anticipated in summer 2015. £460 psf. • Located in the heart of Shoreditch where there is extremely strong occupational demand from tenants workin
Slide 13: New Loom House, E1
New Loom House, E1 • Multi–let, listed Victorian ‘warehouse’ style office building. • Acquired in July 2013 for £34.2m, 4.8% IY. • 112,000 sq ft of office and storage space over five floors. • Average rent £18.50 psf. • ERV for refurbished space £32.50. • Refurbishment of common parts c. £3.5m plus
Slide 14: Area Schedule
Area Schedule Loading 1 Loading 2 Loading 3 Loading 4 Reception (2) NIA 1101 1200 2830 1332 1208 127 1397 10345 300 449 900 377 1671 Loading bay Loading bay Loading bay Loading bay 1.01 Existing - Plans Ground floor Key. = Primary Entrance <= _Secondary Entrance Office NIA ‘Storage Plant / Other Cir
Slide 15: Area schedule (Change shown against existing)
aS I Area schedule (Change shown against existing) (m2) (2) NIA 4/- NIA Go 307 205 3303 6.02 1266 15 1362 6.03 0-263 0 6.04 134 101442 6.05 271 159-2916 G08 1194 1 1285 Gor 0 -130 0 Caféseating 101.1 101 1087 TOTAL 1059.1 98 11396, Loading 1 27.9 300 Loading 241.7 449 Loading 30 0 Loading 4 385 414
Slide 16: Area schedule (Change shown against existing)
Area schedule (Change shown against existing) (m2) NIA 1.01 1344 8 1.02 1029 8 1.03 1792 8 1.04 1135 9 1.05 324.1 9 1.06 1328 8 1.07/09 3417 16 1.08 1296 8 TOTAL 1458.2 73 Other we 28.1 (re) NIA 4/- Use 1448 83. 1107 83 1928 81 1221 93 3487 95 1429 82 3677174 1394 90 15690 780 302 | 1] . . | | Po. |
Slide 17: Mitre Square, EC3
Mitre Square, EC3 • Planning consent granted for prime office development of 273,000 sq ft NIA with 3,000 sq ft retail/ restaurant. • Demolition completed. • Development due to commence Q2 2014. 17
Slide 18: Barts Square, EC1
Barts Square, EC1 • 3.2 acre mixed use development. • Acquired in joint venture with The Baupost Group in March 2011. • Planning consent granted and Section 106 Agreement signed. 18
Slide 19: Barts Square proposed scheme
• The proposed scheme includes 215 high quality apartments, 230,000 sq ft of office space across two buildings and 23,000 sq ft of complimentary retail/restaurant/ café use. • Development to commence in Q1 2015. 19
Slide 20: Slide 20
Slide 21: Helical Bar plc
Helical Bar plc 11-15 Farm Street, London, W1J 5RS Tel: 020 7629 0113 www.helical.co.uk