Helical sees improving office building occupancy as Covid-19 restrictions ease

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Office investment and development company Helical said it expects to see increasing reoccupation of all its office buildings as Covid-19 restrictions begin to ease.

Rent collected for March 2021 quarter was 82.8% and is expected to rise to between 91% and 95% by the end of June 2021.

The company also collected 92.9% of all rent contracted and payable for the March, June, September and December 2020 quarters.

A lease was agreed for the whole of Kaleidoscope, EC1, with TikTok Information Technologies UK, on a 15 year lease term.

The company confirmed that it will announce its full year results for the 12 months ended 31 March 2021 on Tuesday 25 May 2021.

At 9:01am: (LON:HLCL) Helical Bar PLC share price was 0p at 407.5p