Helical Bar development director Gerald Kaye and chairman Nigel McNair Scott have bought flats at the company’s Barts Square development, EC1.
The company confirmed in a stock market announcement that Kaye had paid £1.58m for a flat and McNair Scott paid £1.63m. McNair Scott’s son has also exchanged on the purchase of a flat at the scheme for £1.6m.
The company said: “The purchases were conducted at fair and reasonable market prices based on independent valuations and are in line with the marketed prices of the apartments and similar comparable transactions at that time.”
Barts Square is a 3.2-acre mixed-use development, which Helical Bar is developing in joint venture with the Baupost Group. The residential element of the scheme was launched in the UK on 3 September 2014.
