Commercial Property News

Helical Bar in making their interim trading statement today said they were returning to the investment market to acquire further properties and were maintaining their building programme, with a start to the construction of a 148 unit retirement village at Horsham due in the summer.

Michael Slade, Chief Executive, said:

 "We are delighted by our purchase of the Clyde Shopping Centre with our partners, Prime Commercial Properties,  and hope to acquire similar properties in 2010 where we can use our asset management skills to deliver capital and income growth over time.  This acquisition marks our return to the investment market, being the first significant purchase for four years.

 "We are now seeing signs that the London office market is recovering and good progress is being made at our mixed use schemes at Fulham Wharf, King Street Hammersmith and White City.  Whilst we continue to remain cautious, we are confident that we have a programme in place that will deliver growth to shareholders in the foreseeable future."