What We Do
Helical Bar is a property development and investment company.
We create shareholder value through a wide variety of high margin activities with property investment at our core. Whilst a profit centre in its own right, property investment provides a stable income stream to cover all our overheads and interest costs. 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.
Our aim is to make excellent returns for our shareholders (which include the management team who own 16% of the company) through a wide variety of high margin activities.
While our core areas include London office and mixed use development, we are able to deploy capital to whichever part of the property market we believe offers the best returns at different points in the cycle.
The tables below describe how we allocate our resources and the split between investment and development. For detailed information on individual properties, please visit our Property Portfolio.
Our Portfolio – how we invest our capital
| |
London Offices
% |
Provincial Offices
% |
In Town Retail
% |
Out of Town Retail
% |
Poland
% |
Industrial
% |
Change of Use
% |
Mixed Use
% |
Retirement Village
% |
Total
% |
| Investment |
22.0 |
1.5 |
41.0 |
3.0 |
– |
3.0 |
– |
– |
1.0 |
71.5 |
| Trading and development |
0.5 |
2.0 |
2.5 |
0.5 |
10.5 |
0.5 |
1.0 |
1.0 |
10.0 |
28.5 |
| Total |
22.5 |
3.5 |
43.5 |
3.5 |
10.5 |
3.5 |
1.0 |
1.0 |
11.0 |
100.0 |
Note: excludes the surplus arising from the directors’ valuation of trading and development stock.
Investment (Helical’s share)
| |
Value
£m |
Equity
£m |
Equity
% |
| London office |
115.3 |
46.8 |
30.5 |
| Provincial office |
7.8 |
2.7 |
1.8 |
| Industrial |
15.6 |
4.6 |
3.0 |
| In town retail |
214.9 |
86.5 |
56.5 |
| Out of town retail |
14.1 |
6.7 |
4.3 |
| Retirement village |
6.0 |
6.0 |
3.9 |
| Total |
373.7 |
153.3 |
100.0 |
Note: Barts Square is held as an investment.
Trading and Development Portfolio (Helical’s Share)
| |
Book Value
£m |
Fair Value
£m |
Surplus Over
Book Value
£m |
Equity (from
Fair Value)
£m |
Equity
% |
| London office |
2.9 |
9.4 |
6.5 |
9.4 |
9.3 |
| Provincial office |
9.8 |
9.8 |
– |
-1.8 |
-1.8 |
| Industrial |
2.7 |
2.7 |
– |
2.0 |
2.0 |
| In town retail |
14.8 |
16.1 |
1.3 |
16.1 |
16.0 |
| Out of town retail |
3.6 |
3.7 |
0.1 |
2.2 |
2.2 |
| Retirement village |
52.6 |
67.7 |
15.1 |
31.4 |
31.3 |
| Change of use |
4.4 |
6.3 |
1.9 |
4.4 |
4.4 |
| Mixed use |
4.6 |
16.1 |
11.5 |
16.1 |
16.0 |
| Poland |
55.9 |
55.9 |
– |
20.7 |
20.6 |
| Total |
151.3 |
187.7 |
36.4 |
100.5 |
100.0 |