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Helical Sells Three UK Logistics Assets for GBP 20m
Tuesday 13 February 2018

13 February 2018 - UK property investment and development company Helical, plc (LSE: HLCL) has completed the sale of three logistics assets to a fund managed by Clearbell Capital LLP for a total of GBP 20.25m (USD 28.04m), the company said.

The assets are Aspect Way in Doncaster (122,600 sq ft), Sandal Stones Road in Doncaster (153,500 sq ft) and Wyatt Way, Thetford (127,600 sq ft).
Helical said the sale, at a combined 4% premium to September 2017 book value, is in line with its strategic shift to concentrate on office developments and investments in London and Manchester.
Helical is engaged in the investment, development, and trading of properties. Its property portfolio includes mixed use, office, retail, industrial, and retirement village projects.

The company was formerly known as Helical Bar and Engineering Company Limited. Helical Bar plc was incorporated in 1919 and is headquartered in London, United Kingdom.
Date Published: 13/02/2018
Target: Three logistics assets
Country: UK
Deal Size: 28.04m (USD)
Sector: Construction/Real Estate
Type: Divestment
Financing: Cash
Status: Closed
Vendor: Helical, plc,  
Buyer: Clearbell Capital