Helical PLC (LSE:HLCL) released its half-year update, pointing to a busy development pipeline and meaningful strategic progress across central London. The company remains upbeat on the capital’s office market, citing sustained appetite for high-quality workspace and a shortage of Grade A supply—conditions it believes will continue to support rising rents.
Flagship schemes, including 10 King William Street and Brettenham House, are expected to push rental levels higher once completed. Alongside its core office activity, Helical is expanding into student accommodation and continues to favour joint-venture and capital-light models to enhance returns. Although the value of its investment properties dipped modestly, the uplift in its development portfolio reflects a deliberate emphasis on locations with the strongest demand.
From a market perspective, Helical trades on an attractive valuation supported by a low P/E ratio and a moderate dividend yield. Even so, concerns linger around its heavy leverage and uneven cash generation. Technical indicators paint a neutral picture, showing no clear directional trend.
More about Helical
Helical PLC is a London-focused real estate developer specialising in premium office buildings in well-connected, supply-constrained districts. The company concentrates on sectors such as technology and AI and is increasingly exploring opportunities in the student accommodation market.
Leave a Reply