UK real estate firm Helical and a fund managed by Orion Capital Managers have announced the sale of a £333 million (€382.3 million) London office property to an unnamed global business listed on the S&P 500.
Helical and Orion Capital have agreed to a forward sale of Helical Bicycle 3, the company that owns the 10-storey building in EC4, with the disposal expected to be finalised once the building is completed in April 2026.
The building is being refurbished and will deliver 195,000 square feet of office space.
Helical’s share of the sale price is £166.5 million. On completion of the sale, an amount drawn under a £155 million development facility will be repaid.
Source: realassets.ipe.com on the 11th of April