Helical agrees a further 60,000 sq ft of new letting activity at The Bower

Helical plc today announces that it has completed regears and a new letting across six floors at The Bower, totalling c. 60,000 sq ft. 

Existing occupier Fin (formerly Intercom), one of the world’s leading customer communications platforms, has agreed reversionary leases on the eighth and ninth floor of the Warehouse, totalling 17,400 sq ft, as well as a new lease on seventh floor of 12,400 sq ft. The firm’s leases now extend to 2037, with a break option in 2032. 

Fresha, the beauty and wellness booking marketplace, has also regeared its lease of 29,700 sq ft across three floors in The Tower, extending the term to 2037 with a break option in 2032. Fresha recently announced an $80 million investment from KKR’s Next Generation Technology Growth fund, valuing the company at more than $1 billion.

The above transactions will generate £4.5m of annual contracted rent and are in line with March 2026 ERVs. The letting of seventh floor of The Warehouse increases total occupancy at The Bower to 93.7%, with further space under offer which once let will take occupancy to 96.6%. 

Matthew Bonning Snook, Chief Executive Officer of Helical, said: “These new leases with Fin and Fresha, two of our largest occupiers, reinforce the continued appeal of The Bower as a best-in-class campus and underpin our strategy of actively managing and enhancing the asset to meet evolving occupier needs, giving businesses the confidence to commit for the long term. The Bower benefits from its prominent position next to Old Street station and continues to attract a diverse mix of occupiers looking to take advantage of the established technology sector developed around the Silicon Roundabout.”