Helical Bar raised £27.7m in a share placing yesterday to pursue 'buying opportunities that arise only once or twice in a property career'.

Mike Slade said he expects real estate values to decline further this year as tenants default and available financing remains scarce.

'We believe that the exceptional market conditions we are currently witnessing will present buying opportunities that arise only once or twice in a property career,' he said. 'The successful equity raising of £27.7m provides us with the extra financial firepower to take even greater advantage of the significant value that is now emerging in the property market.'

Daily Telegraph