tiprankstipranks

Helical and Places for London Secure Approval for Southwark Development

Story Highlights
  • Helical PLC and Places for London will develop student accommodations and affordable homes above Southwark Tube station.
  • The project aims to enhance sustainability and community infrastructure in London.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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

Helical PLC, in partnership with Places for London, has secured planning approval for a new development above Southwark Tube station, which will feature 429 student accommodation units and 44 affordable homes. The project aims to meet high sustainability standards and includes additional retail and community spaces, enhancing the local public realm. This development is part of a broader initiative by the joint venture to address housing demand and improve community infrastructure in London.

More about Helical

Helical PLC is a company involved in real estate development, focusing on creating innovative and sustainable living and working spaces. They engage in joint ventures to deliver projects that include student accommodations, affordable housing, and office buildings, with a strong emphasis on sustainability and community benefits.

YTD Price Performance: 8.44%

Average Trading Volume: 199,637

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £228.3M

Learn more about HLCL stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App