Helical sells four assets for £20.7m

Helical has completed on the disposal of four assets in two separate transactions for a combined price of £20.7m representing a 10% premium to the March book value.

The sales were as follows:

– Three logistics units located in Daventry, Burton on Trent and Bedford to Custodian REIT for £13.4m, reflecting a net initial yield of 6.75%

– A single logistics unit in Stevenage which is let to DSG sold to LondonMetric Property for £7.3m, reflecting a net initial yield of 6.25%

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