Helical posts EPRA NAV loss after 'transformational' year

By Richard Hook2018-05-24T08:26:00

Helical has posted a 1.1% fall in EPRA NAV as part of annual results to 31 March during a “transformational” year in which it completed the reduction of the number assets in its portfolio from 84 to 12.

Despite also reporting an EPRA loss per share of 7p alongside the year-on-year fall in NAV per share to 468p, chief executive Gerald Kaye said he was pleased with results that mark “the completion of the transformation of the Helical Group” over the last two years from a multi-sector company into an office-led investment and development company focused purely on London and Manchester.

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