Helical Bar completes sale of London property

Property developer Helical Bar has completed the sale of a property in East London to the Standard Life Investments Long Lease Fund.

The sale of Empire House, located in Old Street and part of The Bower development, will see the London listed company and Crosstree Rea Estate Partners receive £20.7m.

"The sale of Empire House was a logical move as it is a self-contained asset within The Bower development and is now fully let and performing well," said Gerald Kaye, development director at Helical Bar.

Helical Bar shares were up 0.62% to 447.75p at 1527 GMT on Friday.