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.
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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.