Helical Bar Plc (HLCL.L) provided interim management statement covering its activities for the period from April 1, 2012 to July 23, 2012.
The company stated that development programme continues to generate positive momentum with it appointed as preferred developer for the 220,000 sq ft ScottishPower headquarters and an outline planning application submitted for Brickfields, White City, London W12. Helical Bar added that further solid progress was achieved in programme of disposals of low or non-income producing assets, with 10 million pounds of sales and around 25 million pounds exchanged or under offer at or above book value.
Also, additional profit share of 7.25 million pounds crystallised at Fulham Wharf, SW6, following the sale of the site.
Michael Slade, chief executive, commented, "Since the year end we have made significant progress with our development programme including the submission of an outline planning application at Brickfields, White City, London W12 and the crystallising of a further profit share following the landowner's successful sale of the site at Fulham Wharf, London SW6. We are also excited by a number of development opportunities that are enhancing our already considerable pipeline, including our recent selection as preferred developer for a landmark new headquarters for ScottishPower."
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by RTT Staff Writer
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