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Helical PLC on Friday said dual dynamics of increased active occupational demand and a scarcity of new office supply was driving ‘strong’ rental growth within the best-connected London-sub-markets where its pipeline is located. The London-focused property developer said the period between April 1 and Thursday was characterised by ‘significant activity’ across its development pipeline. The firm expects 465,000 square feet of new office space to complete in 2026, despite uncertainty in the wider macro-economic environment. Helical anticipates to realise ‘strong’ returns for shareholders. In Paddington in central London, Helical said engineering firm Keltbray Ltd has begun preparatory works ahead of the formal site acquisition in January 2026. ‘The main contractor, Mace, is now undertaking pre construction services and negotiations are continuing with a preferred partner to provide the debt financing for the 235,000 square feet office development, targeting completion in Q3 2028,’ the firm added. Chief Executive Matthew Bonning-Snook said: ‘Whilst there remains uncertainty in the wider macro-economic environment, we anticipate this letting momentum continuing and presenting the opportunity for Helical to realise strong returns for shareholders. Furthermore, there has been a noticeable improvement in sentiment among investors towards the office sector with increased interest from global capital, which should translate into higher transaction volumes in the near term.’ The company will publish results for the six months to September 30 on November 26. Helical shares were marginally lower at 205.99 pence each on Friday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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