Helical sees improved investor sentiment towards offices sector

Central London development-focused real estate business Helical sees improving investor sentiment towards the office sector, with increased global capital interest expected to boost transaction volumes.

Helical

In its trading update for the period from April 1 to October 16, 2025, CEO Matthew Bonning-Snook highlighted significant activity across the company's development pipeline. Construction is advancing on three major office projects—100 New Bridge Street, Brettenham House, and 10 King William Street—all slated for completion in 2026.
Future pipeline projects are also progressing well. Enabling works have begun at Paddington ahead of a January 2026 site acquisition (targeting Q3 2028 completion), and extensive design work is underway at Southwark for a 429-studio PBSA scheme, with construction starting in 2026 and occupation targeted for Q3 2029. Helical has agreed terms with Places for London (PfL) to forward fund the PBSA and with the London Borough of Southwark to purchase the affordable housing block, with legal agreements expected soon.
With 43,200 m2 of new, premium office space completing in 2026, Helical sees strong rental growth driven by increased occupational demand and limited new supply in well-connected London sub-markets. Despite wider macroeconomic uncertainty, the company anticipates continued letting momentum and strong shareholder returns. 
Helical's development-focused strategy is supported by these market conditions and proceeds from the £333 mln (€383 mln) forward sale of 100 New Bridge Street. The company plans to add more projects through its joint venture with PfL and is actively seeking "equity-light" opportunities.