Helical Bar promises purchases

Property development company Helical Bar hopes to continue buying up real estate this year after completing 22 new lettings and 11 renewals in the four months to the end of January, after completing a £29m share placing in December. “Life is far from dull at Helical and our continued focus is to dispose of the few remaining non-performing properties in our portfolio [and] to increase our spending power in the market, at a time of considerable opportunity” said chief executive Michael Slade in an interim management statement.