Despa & Helical Bar complete lettings at 100 Wood Street, London, EC2

Released: 19/07/2000

Following the letting of the top four floors of 100 Wood Street, circa 56,500 sq ft to The Chase Manhattan Bank in April, the remainder of the building has now been fully let.

Friends Ivory Sime plc are taking 38,600 sq ft on ground, 1st and 2nd floors, Schroders Investment Management 34,600 sq ft on 3rd and 4th floors with The Law Debenture Corporation plc taking 16,700 sq ft on the 5th floor. Rents of around £53.00 per square foot have been achieved.

Andreas Schreurs, Director of Despa says "from the beginning we believed that combining a good location with high quality architecture and a superb developer would deliver good investment returns for Despa. The swift success of our letting campaign exceeded our expectations and speaks to the current strength of the London market."

Gerald Kaye, Director of Helical Bar says; "we are delighted to have let 100 Wood Street to such a strong array of tenants at good rents within three months of practical completion and ahead of the competition."

BH2, Insignia Richard Ellis and DTZ acted for Despa and Helical. Friends Ivory Sime were advised by Friends Ivory & Sime Property Asset Management plc, Schroders by Drivers Jonas and Schroder Property Investment Ltd and The Law Debenture Corporation plc by John D Wood.

For further information, please contact

Gerald Kaye
Helical Bar plc
020 7629 0113