Helical and Orion Capital Managers have agreed the £333m forward sale of an under-development office block in the City of London.
The deal will see an S&P 500 group, understood to be State Street, acquire the 10-storey, 195,000 sq ft 100 New Bridge Street for its own occupation. The deal will close on practical completion of the building, expected next April.
Helical chief executive Matthew Bonning-Snook said: “The very strong interest we received in the scheme over a year ahead of completion is testament not only to its best-in-class characteristics, but also the acute shortage of prime office space within the submarkets Helical has targeted as part of its significant development programme.”
