Helical and Orion Complete Low-Carbon City Office Redevelopment and £333m Sale

Helical ( (GB:HLCL) ) just unveiled an update.

Helical and Orion Capital Managers have completed a 195,000 sq ft repositioning of 100 New Bridge Street in the City of London, transforming the landmark office asset with a new façade, extra net internal area and expansive terracing overlooking St Paul’s and central London. Designed by Gensler and delivered by Mace, the project retains 90% of the original structure and reuses materials, helping the all-electric building achieve BREEAM Outstanding, NABERS 5* and WELL Platinum ratings while tracking over 60% below the GLA embodied carbon benchmark.

The partners are set to complete the forward sale of 100 New Bridge Street to State Street on 20 May 2026 for a net £333 million, implying a capital value of £1,712 per sq ft on a 5% yield, with Helical’s share at £166.5 million. Sale proceeds will repay a £155 million development facility and return surplus capital to each joint venture partner, underscoring Helical’s strategy of creating investor value from prime, sustainable offices in a supply-constrained City market and reinforcing Orion’s focus on repositioning and forward-selling top-tier space aligned with strong occupier demand.

The most recent analyst rating on (GB:HLCL) stock is a Hold with a £216.00 price target. To see the full list of analyst forecasts on Helical stock, see the GB:HLCL Stock Forecast page.

Spark’s Take on HLCL Stock

According to Spark, TipRanks’ AI Analyst, HLCL is a Neutral.

The score is held back mainly by weak cash flow conversion and volatile, contracting financial performance, plus bearish technicals with the share price below key moving averages. Partially offsetting this are positive project/funding corporate developments and a moderate dividend, though the P/E remains high.

To see Spark’s full report on HLCL stock, click here.

More about Helical

Helical plc is a UK-based real estate investment and development company focused on high-quality office schemes in central London, often delivered through joint ventures with institutional partners. The group targets best-in-class, sustainability-led workplaces in supply-constrained submarkets, aiming to capture demand from blue-chip occupiers seeking modern, low-carbon space.

Average Trading Volume: 94,235

Technical Sentiment Signal: Strong Sell

Current Market Cap: £231.2M

See more data about HLCL stock on TipRanks’ Stock Analysis page.