Helical PLC WeWork Update (0708S)
01 November 2023 - 11:28PM
UK Regulatory
TIDMHLCL
RNS Number : 0708S
Helical PLC
01 November 2023
1 November 2023
HELICAL PLC ("Helical" or the "Group")
WeWork Update
Following recent press coverage regarding WeWork, Helical
confirms that last Friday, the 27 October, it exercised its right
to forfeit the individual leases for six floors at The Bower, Old
Street, following non-payment of rent for the September
quarter.
Subsequently, Helical has entered into a short-term licence
arrangement with WeWork, who have re-occupied the building, with
Helical having received a fee equivalent to the whole of the
September quarter's rent and service charge due under the terms of
the previous contractual arrangements.
Helical is working on next steps for the space and will provide
an update when the half year results are announced on 22
November.
For further information, please contact:
Helical plc 020 7629 0113
Gerald Kaye/ Tim Murphy
FTI Consulting 020 3727 1000
Dido Laurimore/ Richard Gotla
schelical@fticonsulting.com
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