Slide 1: City & Tech Belt Property Tour
CITY & TECH BELT PROPERTY TOUR 26 SEPTEMBER 2018
Slide 2: 26 September 2018 - Helical Property Tour
26 SEPTEMBER 2018 - HELICAL PROPERTY TOUR 90 Bartholomew Close, Barts Square, EC1 14:30 One Bartholomew, Barts Square, EC1 Residential Phases 1 & 2, Barts Square, EC1 Farringdon East - OSD, EC1 15:30 25 Charterhouse Square, EC1 The Warehouse & The Studio, The Bower, 207-211 Old Street, EC1 16:15 The
Slide 3: The Team Today
THE TEAM TODAY Gerald Kaye Tim Murphy Matthew Bonning-Snook Chief Executive Finance Director Property Director Tom Anderson John Inwood Pavlos Clifton Nikki Dibley Senior Investment Head of Asset Senior Development Development Executive Executive Management Executive James Moss Oliver Rippier France
Slide 4: City & Tech Belt London Portfolio
CITY & TECH BELT LONDON PORTFOLIO THE BOWER, EC1 25 CHARTERHOUSE SQUARE, EC1 FARRINGDON EAST, OSD, EC1 BARTS SQUARE. EC1 THE LOOM, E1 ONE CREECHURCH PLACE, EC3 @helicalplc l Helical plc l helical.co.uk 4
Slide 5: First Half Update
FIRST HALF UPDATE One Bartholomew, EC1 • 54,482 sq ft let to Trade Desk at One Bartholomew • 25% let Barts Square, EC1 • Phase 1 – 134 units exchanged/sold – 10 remaining units • Phase 2 – 28 units exchanged, 64 remaining • 90 Bartholomew Close - 6,414 sq ft of ground floor space let to Wright & Bel
Slide 6: First Half Update
FIRST HALF UPDATE Fourways, Manchester • Completed the freehold acquisition of Fourways House, Manchester, a 59,000 sq ft office building for £16.5m Other • 28,520 sq ft of additional lettings in London at an average 4.9% premium to March 2018 ERV • 12,754 sq ft of lettings in Manchester at average
Slide 7: 90 Bartholomew Close, EC1
90 BARTHOLOMEW CLOSE, EC1 24,013 sq ft offices, 6,414 sq ft retail/restaurant. • A new Grade A office, built behind a historic façade with a prominent restaurant unit at ground and lower ground levels. The office accommodation is arranged over levels 1st to 5th • 74 bicycle spaces with associated lo
Slide 8: 90 Bartholomew Close, EC1
90 BARTHOLOMEW CLOSE, EC1 @helicalplc l Helical plc l helical.co.uk 8
Slide 9: 90 Bartholomew Close, EC1
90 BARTHOLOMEW CLOSE, EC1 @helicalplc l Helical plc l helical.co.uk 9
Slide 10: 90 Bartholomew Close, EC1
90 BARTHOLOMEW CLOSE, EC1 @helicalplc l Helical plc l helical.co.uk 10
Slide 11: One Bartholomew, EC1
ONE BARTHOLOMEW, EC1 214,033 sq ft offices. Under construction. Part let. • A new Grade A building, over ground and 11 upper levels with typical floors of c. 19,000 sq ft • Terrace on 10th floor with magnificent views of St Paul’s Cathedral • Top specification including a minimum 1:8 occupancy ratio
Slide 12: Barts Square Plan
BARTS SQUARE PLAN @helicalplc l Helical plc l helical.co.uk 12
Slide 13: One Bartholomew, EC1
ONE BARTHOLOMEW, EC1 13
Slide 14: One Bartholomew, EC1
ONE BARTHOLOMEW, EC1 14
Slide 15: One Bartholomew, EC1
ONE BARTHOLOMEW, EC1 15
Slide 16: Ground Floor Plan, Typical Floor Plan
GROUND FLOOR PLAN TYPICAL FLOOR PLAN @helicalplc l Helical plc l helical.co.uk 16
Slide 17: One Bartholomew, EC1
ONE BARTHOLOMEW, EC1 @helicalplc l Helical plc l helical.co.uk 17
Slide 18: Residential Phases 1 & 2, Barts Square, EC1
RESIDENTIAL PHASES 1 & 2, BARTS SQUARE, EC1 Phase 1 • 133 apartments completed. 11 completing October 2018 • 144 apartments (123,579 sq ft) residential, 3,193 sq ft retail – 144 units launched with total value of £192m – 134 units sold. Total value to be £171.9m – 120 completed, 14 to complete on bu
Slide 19: Residential Phase 1, Barts Square, EC1
RESIDENTIAL PHASE 1, BARTS SQUARE, EC1 @helicalplc l Helical plc l helical.co.uk 19
Slide 20: Residential Phase 1, Barts Square, EC1
RESIDENTIAL PHASE 1, BARTS SQUARE, EC1 @helicalplc l Helical plc l helical.co.uk 20
Slide 21: Residential Phase 2, Barts Square, EC1
RESIDENTIAL PHASE 2, BARTS SQUARE, EC1 @helicalplc l Helical plc l helical.co.uk 21
Slide 22: Residential Phase 2, Barts Square, EC1
RESIDENTIAL PHASE 2, BARTS SQUARE, EC1 @helicalplc l Helical plc l helical.co.uk 22
Slide 23: Residential Phase 2, Barts Square, EC1
RESIDENTIAL PHASE 2, BARTS SQUARE, EC1 @helicalplc l Helical plc l helical.co.uk 23
Slide 24: Residential Phase 2, Barts Square, EC1
RESIDENTIAL PHASE 2, BARTS SQUARE, EC1 @helicalplc l Helical plc l helical.co.uk 24
Slide 25: Farringdon East – OSD, EC1
FARRINGDON EAST – OSD, EC1 86,180 sq ft offices, 2,500 sq ft retail. Under construction. • Acquisition of Farringdon East Ltd which has the benefit of a development agreement with TFL (Crossrail) for the building of a new consented c. 89,000 sq ft office scheme with ground floor cafe/restaurant over
Slide 26: Farringdon East – OSD, EC1
FARRINGDON EAST – OSD, EC1 @helicalplc l Helical plc l helical.co.uk 26
Slide 27: 25 Charterhouse Square, EC1
25 CHARTERHOUSE SQUARE, EC1 38,518 sq ft offices. 5,138 sq ft retail. Completed. Fully let. • A major refurbishment taking building back to the existing frame and with a new core to provide new Grade A office space from levels 1 to 6 with two ground floor retail units • Air conditioning, 90 bicycle
Slide 28: 25 Charterhouse Square, EC1
25 CHARTERHOUSE SQUARE, EC1 @helicalplc l Helical plc l helical.co.uk 28
Slide 29: 25 Charterhouse Square, EC1
25 CHARTERHOUSE SQUARE, EC1 @helicalplc l Helical plc l helical.co.uk 29
Slide 30: 25 Charterhouse Square, EC1
25 CHARTERHOUSE SQUARE, EC1 BEFORE AFTER @helicalplc l Helical plc l helical.co.uk 30
Slide 31: Anomaly & Peakon Fit Out
ANOMALY & PEAKON FIT OUT Anomaly Anomaly Peakon @helicalplc l Helical plc l helical.co.uk 31
Slide 32: The Warehouse & The Studio, The Bower, EC1
THE WAREHOUSE & THE STUDIO, THE BOWER, EC1 141,141 sq ft multi let offices. 10,298 sq ft retail. Fully let. • A major refurbishment with the addition to The Warehouse of new extensions at Levels 1, 2 and 3 and two new floors at Levels 8 and 9 • A new building developed at The Studio • The creation o
Slide 33: The Warehouse & The Studio, The Bower, EC1
THE WAREHOUSE & THE STUDIO, THE BOWER, EC1 @helicalplc l Helical plc l helical.co.uk 33
Slide 34: The Warehouse & The Studio, The Bower, EC1
THE WAREHOUSE & THE STUDIO, THE BOWER, EC1 @helicalplc l Helical plc l helical.co.uk 34
Slide 35: The Bower, EC1
THE BOWER, EC1 BEFORE AFTER @helicalplc l Helical plc l helical.co.uk 35
Slide 36: The Bower, EC1
THE BOWER, EC1 BEFORE AFTER @helicalplc l Helical plc l helical.co.uk 36
Slide 37: The Bower, EC1
THE BOWER, EC1 BEFORE AFTER @helicalplc l Helical plc l helical.co.uk 37
Slide 38: The Bower, EC1
THE BOWER, EC1 BEFORE AFTER AFTER @helicalplc l Helical plc l helical.co.uk 38
Slide 39: The Tower, The Bower, EC1
THE TOWER, THE BOWER, EC1 171,434 sq ft offices. 10,308 sq ft retail. Offices 52% pre let. • New building using existing frame with new ‘wings’ at each floor level and three additional floors at top • 17 floors in total. 9,500 to 11,350 sq ft floorplates • Levels 1 to 6 (59,035 sq ft) let to WeWork
Slide 40: The Tower, The Bower, EC1
THE TOWER, THE BOWER, EC1 @helicalplc l Helical plc l helical.co.uk 40
Slide 41: The Tower, The Bower, EC1
THE TOWER, THE BOWER, EC1 @helicalplc l Helical plc l helical.co.uk 41
Slide 42: The Tower, The Bower, EC1
THE TOWER, THE BOWER, EC1 @helicalplc l Helical plc l helical.co.uk 42
Slide 43: The Tower, The Bower, EC1
THE TOWER, THE BOWER, EC1 @helicalplc l Helical plc l helical.co.uk 43
Slide 44: The Tower, The Bower, EC1 – Possible Fit Out
THE TOWER, THE BOWER, EC1 – POSSIBLE FIT OUT @helicalplc l Helical plc l helical.co.uk 44
Slide 45: One Creechurch Place, EC3
ONE CREECHURCH PLACE, EC3 272,505 sq ft offices. Completed November 2016. • A new Grade A high quality development of offices on levels 1 - 17 with typical floors of c. 16,000 sq ft and a retail unit at ground floor • 500 bicycle spaces and 500 lockers in changing rooms • Completed in November 2016
Slide 46: One Creechurch Place, EC3
ONE CREECHURCH PLACE, EC3 @helicalplc l Helical plc l helical.co.uk 46
Slide 47: One Creechurch Place, EC3
ONE CREECHURCH PLACE, EC3 @helicalplc l Helical plc l helical.co.uk 47
Slide 48: One Creechurch Place, EC3
ONE CREECHURCH PLACE, EC3 @helicalplc l Helical plc l helical.co.uk 48
Slide 49: The Loom, E1
THE LOOM, E1 Award winning 110,000 sq ft multi let office building. Main refurbishment completed. c. 5,466 sq ft to let. • Acquired July 2013 for £34.2m (£304 psf). 4.4% NIY • Average rent at acquisition £18.25 psf • Lease events completed since acquisition: • 46 new lettings • 12 renewals • 10 rent
Slide 50: The Loom, E1
THE LOOM, E1 @helicalplc l Helical plc l helical.co.uk 50
Slide 51: The Loom, E1
THE LOOM, E1 BEFORE AFTER @helicalplc l Helical plc l helical.co.uk 51
Slide 52: The Loom, E1
THE LOOM, E1 BEFORE AFTER Before Before After After 4th October 2017 @helicalplc l Helical plc l helical.co.uk 52
Slide 53: The Loom, E1
THE LOOM, E1 Before Before After After @helicalplc l Helical plc l helical.co.uk 53
Slide 54: Artsy - The Loom
ARTSY - THE LOOM @helicalplc l Helical plc l helical.co.uk 54
Slide 55: Occupier Amenities
OCCUPIER AMENITIES @helicalplc l Helical plc l helical.co.uk 55
Slide 56: Cafes, Restaurants and Bars
CAFES, RESTAURANTS AND BARS Franze & Evans at The Bower Franze & Evans at The Bower The Draft House at The Bower @helicalplc l Helical plc l helical.co.uk 56
Slide 57: Cafes, Restaurants and Bars
CAFES, RESTAURANTS AND BARS The Jones Family Project at The Shepherds Building Look Mum No Hands Café at The Loom The Shoreditch Grind at The Bower @helicalplc l Helical plc l helical.co.uk 57
Slide 58: Cafes, Restaurants and Bars
CAFES, RESTAURANTS AND BARS The Shoreditch Grind at The Bower Illy Café at One Creechurch Place Bone Daddies at The Bower Enoteca Da Luca at The Bower @helicalplc l Helical plc l helical.co.uk 58
Slide 59: Cafes, Restaurants and Bars
CAFES, RESTAURANTS AND BARS Illy Café at One Creechurch Place Illy Café at One Creechurch Place @helicalplc l Helical plc l helical.co.uk 59
Slide 60: Shower and Cycle Facilities
SHOWER AND CYCLE FACILITIES 90 Bartholomew Close One Creechurch Place One Creechurch Place One Creechurch Place @helicalplc l Helical plc l helical.co.uk 60
Slide 61: Shower and Cycle Facilities
SHOWER AND CYCLE FACILITIES 25 Charterhouse Square The Loom 25 Charterhouse Square 25 Charterhouse Square The Loom The Loom @helicalplc l Helical plc l helical.co.uk 61
Slide 62: Disclaimer
DISCLAIMER Whilst we have taken all reasonable care to ensure that the information and material contained in this presentation is accurate at the time of its distribution, no representation or warranty, express or implied, is made as to its accuracy or completeness. The presentation should not be co
Slide 63: 5 Hanover Square London W1S 1HQ
5 Hanover Square London W1S 1HQ 0207 629 0113 www.helical.co.uk @helicalplc reception@helical.co.uk