REG - Helical PLC - Further letting activity at The Bower

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RNS Number : 6482H  Helical PLC  10 June 2026

10(th) June 2026

HELICAL PLC

("Helical" or the "Company")

 

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."

 

JLL and Compton acted on behalf of Helical. Fin was represented by CBRE and
Fresha by Making Moves.

 

For Further information, please contact:

 Helical plc
 Matthew Bonning-Snook (CEO)  Address:     22 Ganton Street, London, W1F 7FD

 James Moss (CFO)             Website:     www.helical.co.uk
                              (http://atpscan.global.hornetsecurity.com/?d=BCg_nxA6TQWSsjFhHOOGIoUFMK9pCR5y0j-5JOFtepk&f=z01phi-KfKVzavqCycigzz1HAfVqMUFIr1urUWhUfJPprM1OZCOnrnq7mvpZfWXp&i=&k=hG0i&m=0p1bSGJpD40SVU7g2JTBzjiCSeFS544CluFAYs2RHwQCx6VxDpq6RF
                              -KL_fnzYs2UFXjeYhfCU9mjP7mz0vTktYMfblrbfXa2SsqN2kmUggNoZxm8xmOj1qJC2oAd6lm&n=udzx9P3xwx7ozemO1XT20k4f7Op50iQhU8R60yhL7RTMiHek5Uu1o7CAenZ6nlstcVWMpaeSTJqts
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                              Tel:               020 7629 0113

 FTI Consulting
 Dido Laurimore               Email:           Schelical@fticonsulting.com

                            (mailto:Schelical@fticonsulting.com)
 Richard Gotla

                            Tel:               020 3727 1000
 Andrew Davis

 

 

 

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