back Interim report 2001 for the half year to 30 September 2001

Helical does well in Central London

  • Major new lettings and sales in London; key events included the letting and sale of 3 Bunhill Row, London EC1 and letting of 1 Plough Place, London EC4
  • Gross rents up 12% to £15.2 million (2000: £13.6 million)
  • Interim dividend increased by 10% to 5.5p (2000: 5.0p)
  • Further reduction in gearing to 66% from 96% at the year end

John Southwell, Chairman said: ‘Property continues to offer a defensive and high-yielding asset class where institutional weightings have been at historically low levels. In this market we believe that Helical, with an experienced and entrepreneurial management team and sound financial base, is well-positioned to take advantage of new opportunities.’

Further information please contact:

Helical Bar plc 020 7629 0113 ξ
Michael Slade (Managing Director) ξ ξ
Nigel McNair Scott (Finance Director) ξ ξ
ξ ξ ξ
Financial Dynamics 020 7831 3113 ξ
Stephanie Highett/ Dido Laurimore ξ ξ

View the full interim report 2001 (PDF, 86 KB),