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Helical Secures £125 Million Financing for London Office Development

Story Highlights
  • Helical and Places for London secure £125 million from HSBC for a London office development.
  • The project aims to deliver a sustainable, high-demand office space in the City Core by 2026.
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Helical Secures £125 Million Financing for London Office Development

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An announcement from Helical ( (GB:HLCL) ) is now available.

Helical plc, in collaboration with Places for London, has entered into a £125 million development financing arrangement with HSBC to support the construction of an office scheme at 10 King William Street, London. This project is a part of Helical’s joint venture with Places for London and aims to deliver a state-of-the-art, sustainable office building with high ESG credentials. The development is expected to be completed by December 2026 and is strategically positioned to meet the growing demand for premium office spaces in the City Core, amidst strong rental growth and a resurgence in office occupancy.

More about Helical

YTD Price Performance: 7.98%

Average Trading Volume: 182,927

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £229.3M

For a thorough assessment of HLCL stock, go to TipRanks’ Stock Analysis page.

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