What We Do

Helical Bar: a property investment and development company

Helical aims to deliver market leading returns by acquiring high yielding investment properties, applying a rigorous approach to asset management and deploying limited equity through a variety of different structures into development situations which have the potential to be highly profitable.

Our spread of activities gives us flexibility to deploy capital rapidly across our business and focus on whatever opportunities offer the best returns at different points of the property cycle. We aim to make excellent returns for our shareholders (which include the management team who own 15% of the company) through a wide variety of high margin activities.

Our core areas include central London offices and high yielding retail investments, central London developments and refurbishment projects pre-let regional foodstore developments and retirement villages.

For detailed information on individual properties, please visit our Property Portfolio.

Our Portfolio – how we invest our capital

Total Portfolio
(Helical share of book value)
March
2012
March
2013
September
2013
December
2013
Investment £374m £407m £484m £576m
Trading and development £144m £169m £174m £174m
Total Portfolio £518m £576m £658m £750m

 

Investment Portfolio
(Helical share)
March
2012
March
2013
September
2013
December
2013
London office £113m
30.2%
£146m
35.9%
£210m
43.4%
£253m
43.9%
Retail £228m
61.1%
£228m
56.0%
£240m
49.6%
£258m
44.9%
Industrial £20m
5.3%
£12m
2.9%
£13m
2.7%
£21m
3.6%
Provincial Office £8m
2.1%
£15m
3.7%
£15m
3.1%
£38m
6.6%
Other £5m
1.3%
£6m
1.5%
£6m
1.2%
£6m
1.0%
Total £374m
100.0%
£407m
100.0%
£484m
100.0%
£576m
100.0%

The investment portfolio currently comprises 77% of Helical’s portfolio by book value (74% at 30 September 2013).

Development and Trading Portfolio
(Helical share of book value)
March
2012

March
2013

September
2013

December
2013

Office £13m
9.0%
£16m
9.5%
£22m
12.6%
£22m
12.6%
Retail £14m
9.7%
£22m
13.0%
£23m
13.2%
£23m
13.2%
Industrial £6m
4.2%
£1m
0.6%
£1m
0.6%
£1m
0.6%
Mixed Use £5m
3.5%
£5m
3.0%
£3m
1.7%
£3m
1.7%
Change of Use £4m
2.8%
£5m
3.0%
£5m
2.9%
£5m
2.9%
Retirement Villages £60m
41.6%
£55m
32.5%
£60m
34.5%
£60m
34.5%
Poland £42m
29.2%
£65m
38.4%
£60m
34.5%
£60m
34.5%
Total £144m £169m £174m £174m
  100% 100% 100% 100%

The development portfolio comprises 23% of Helical’s portfolio by book value (26% at 30 September 2013).

Development and Trading Portfolio
(Helical share)
Book Value
Fair valuation
Surplus % of
development
portfolio (fair value)
Office £21.9m £26.4m £4.5m 13.2%
Retail £23.5m £25.4m £1.9m 12.7%
Industrial £1.4m £1.4m 0.7%
Mixed Use £2.8m £2.8m 1.4%
Change of Use £4.7m £6.8m £2.1m 3.4%
Retirement Villages £59.6m £76.3m £16.7m 38.3%
Poland £60.5m £60.5m 30.3%
Total £174.4m £199.6m £25.2m 100.0%