Helical’s latest update highlights robust leasing activity and ongoing high-end office developments in London.
Helical has announced an extension of its share buyback programme following strong leasing performance and progressing developments within London’s commercial property market. Notably, the company has achieved 96.6% occupancy at The Bower, a prime London office building, with recent lettings including a significant 9,600 square foot space on the 12th floor. This leasing momentum reflects a wider trend of undersupply for well-located, high-quality office spaces in the capital.
From a construction management perspective, Helical’s pipeline demonstrates the importance of timely delivery and strategic planning in a constrained market. Projects such as 10 King William Street and Brettenham House are scheduled for completion this year, while developments like Delta Paddington and a Purpose-Built Student Accommodation (PBSA) in Southwark are progressing through critical planning and construction stages. These projects require close coordination with top-tier contractors and effective navigation of London’s complex planning environment to meet market demand.
Helical’s disciplined capital allocation, including returning profits to shareholders through share buybacks and capital returns, underscores the financial prudence needed to sustain high-end developments. For construction managers, this highlights the value of integrating financial strategy with project delivery to maintain momentum and quality. Effective construction management ensures developments proceed smoothly through planning approvals and construction phases, ultimately delivering best-in-class buildings that respond to London’s supply constraints.
Source: The Construction Index
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