Further letting activity at The Bower

Summary by AI BETAClose X

Helical PLC has secured new lettings and regeared existing leases at The Bower, encompassing approximately 60,000 sq ft across six floors, which will generate £4.5 million in annual contracted rent. Existing occupier Fin has extended its leases on two floors and taken a new lease on a third, while Fresha has regeared its lease across three floors. These transactions bring total occupancy at The Bower to 93.7%, with potential to reach 96.6% once further space under offer is let. The company views these agreements as a testament to The Bower's appeal and its strategy of enhancing the asset to meet occupier needs.

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Helical PLC
10 June 2026
 

10th June 2026

HELICAL PLC

("Helical" or the "Company")

 

Helical agrees a further 60,000 sq ft of new letting activity at The Bower

 

Helical plc today announces that it has completed regears and a new letting across six floors at The Bower, totalling c. 60,000 sq ft.

 

Existing occupier Fin (formerly Intercom), one of the world's leading customer communications platforms, has agreed reversionary leases on the eighth and ninth floor of the Warehouse, totalling 17,400 sq ft, as well as a new lease on seventh floor of 12,400 sq ft. The firm's leases now extend to 2037, with a break option in 2032.

 

Fresha, the beauty and wellness booking marketplace, has also regeared its lease of 29,700 sq ft across three floors in The Tower, extending the term to 2037 with a break option in 2032. Fresha recently announced an $80 million investment from KKR's Next Generation Technology Growth fund, valuing the company at more than $1 billion.

 

The above transactions will generate £4.5m of annual contracted rent and are in line with March 2026 ERVs. The letting of seventh floor of The Warehouse increases total occupancy at The Bower to 93.7%, with further space under offer which once let will take occupancy to 96.6%.

 

Matthew Bonning Snook, Chief Executive Officer of Helical, said: "These new leases with Fin and Fresha, two of our largest occupiers, reinforce the continued appeal of The Bower as a best-in-class campus and underpin our strategy of actively managing and enhancing the asset to meet evolving occupier needs, giving businesses the confidence to commit for the long term. The Bower benefits from its prominent position next to Old Street station and continues to attract a diverse mix of occupiers looking to take advantage of the established technology sector developed around the Silicon Roundabout."

 

JLL and Compton acted on behalf of Helical. Fin was represented by CBRE and Fresha by Making Moves.

 

For Further information, please contact:

Helical plc


Matthew Bonning-Snook (CEO)

James Moss (CFO)

Address:     22 Ganton Street, London, W1F 7FD

Website:     www.helical.co.uk

Tel:               020 7629 0113

 


FTI Consulting


Dido Laurimore

Richard Gotla

Andrew Davis

Email:           Schelical@fticonsulting.com

Tel:               020 3727 1000

 

 

 

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