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Helical and Places for London Secure £220m Loan for Paddington Overstation Office Scheme

Story Highlights
  • Helical and Places for London obtained a £220m loan from PIMCO to fund the acquisition and development of a major 235,000 sq ft office scheme above Paddington station, reinforcing Helical’s central London pipeline and signalling strong lender confidence.
  • The Grimshaw-designed Paddington Over Station Development, targeting top sustainability and wellness ratings, is scheduled to complete in Q3 2028, delivering prime, highly connected office space into a constrained London market and supporting Transport for London’s long-term income goals.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Helical and Places for London Secure £220m Loan for Paddington Overstation Office Scheme

Meet Samuel – Your Personal Investing Prophet

Helical ( (GB:HLCL) ) has shared an update.

Helical and Places for London, Transport for London’s property arm, have secured a £220 million development loan from PIMCO Prime Real Estate to fund the acquisition and delivery of the Paddington Over Station Development, a 235,000 sq ft office scheme above Paddington station. The 4.5‑year facility, which will reimburse over half of the equity invested and cover the majority of remaining costs, underscores lender confidence in the joint venture and strengthens Helical’s London development pipeline.

The Grimshaw‑designed building will offer 15 floors of best‑in‑class office space with strong transport connectivity and canal-side views, and is targeting top-tier sustainability and wellness credentials including BREEAM Outstanding and WELL Platinum. With main works due to start in Q2 2026 and completion expected in Q3 2028, the project is set to deliver highly sustainable offices into a constrained central London market, supporting TfL’s long-term income ambitions and reinforcing Helical’s positioning in premium, design-led workspace.

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 GB:HLCL Stock

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

Helical’s overall stock score reflects mixed financial performance and bearish technical indicators, partially offset by a potentially undervalued stock and positive corporate developments. The company’s strategic focus on high-demand areas and sustainability could drive future growth, but financial volatility remains a concern.

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

More about Helical

Helical plc is a UK-listed property developer focused on prime office projects in central London, often delivered through joint ventures with public sector partners. Its developments target high-specification, sustainable workspace aimed at blue-chip and growth occupiers seeking modern offices in transport-rich, regeneration-led locations.

Average Trading Volume: 117,997

Technical Sentiment Signal: Sell

Current Market Cap: £241.3M

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

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