Helical PLC Completion of 100 New Bridge Street acquisition (2111D)
01 Marzo 2022 - 1:05PM
UK Regulatory
TIDMHLCL
RNS Number : 2111D
Helical PLC
01 March 2022
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PART, DIRECTLY OR INDIRECTLY, IN, INTO, OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
1 March 2022
Helical plc ("Helical" or the "Company")
Completion of the acquisition of FPM 100 New Bridge Street
Limited
Further to the results of the General Meeting announcement on 18
February 2022, Helical is pleased to announce the completion of the
acquisition of the entire issued share capital of the Guernsey
incorporated single asset company, FPM 100 New Bridge Street
Limited (the "Acquisition"), that owns 100 New Bridge Street,
London EC4, a 167,026 sq. ft office building with ground floor
retail units. Total gross cash consideration of approximately
GBP160 million has now been paid in respect of the Acquisition.
The building, which is held on a 999-year long leasehold at a
peppercorn rent from National Rail Infrastructure Limited, was
completed in 1992 and is currently let to international law firm
Baker McKenzie, whose lease expires in December 2023. Helical
proposes to carry out a major, sustainable refurbishment to create
a new best-in-class Grade A office building and undertake
significant public realm improvements around the site.
Unless otherwise defined, capitalised terms used in this
announcement have the meanings given to them in the Class 1
circular dated 2 February 2022, which is available on the Company's
website at
https://www.helical.co.uk/investors/shareholder-information/agm/
Enquiries
Helical plc + 44 (0) 20 7629 0113
Gerald Kaye
Tim Murphy
Peel Hunt LLP + 44 (0) 20 7418 8900
(Sponsor)
Capel Irwin
Carl Gough
Henry Nicholls
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Disclaimer
Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated
in the United Kingdom by the FCA, is acting exclusively for Helical
and for no-one else in connection with the matters referred to in
this announcement and will not be responsible to any person other
than Helical for providing the protections afforded to clients of
Peel Hunt, nor for providing advice in relation to the matters
referred to herein. Neither Peel Hunt nor any of its affiliates
owes or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of Peel
Hunt in connection with the matters referred to in this
announcement, or otherwise.
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END
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March 01, 2022 07:05 ET (12:05 GMT)
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