Helical agrees £50.4m loan to fund Farringdon scheme

Helical farringdon

Helical has agreed a new £50.4m five-year loan with Wells Fargo to part finance the development of its office development above Farringdon East Crossrail Station in London.

The new facility will be drawn down during the construction phase and will convert into an investment facility for the remainder of its term. Protection against future interest rate rises will be provided by a 1.75% interest rate cap on £40m between January 2020 and July 2023.

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