Helical selected for office JV in London

Helical has been selected by Transport for London’s (TfL) wholly owned commercial property company, TTL Properties, as the preferred investment partner for its commercial office portfolio joint venture.

The joint venture will create well-connected, sustainable and inclusive workspaces across central London and will initially be seeded with three over-station development sites.

Gerald Kaye, CEO of Helical, said the development JV will boost the company’s development pipeline to nearly 790,000 square feet, subject to formalization of the agreement. With the three TfL schemes spread throughout 2024 to 2026, this pipeline is scheduled to deliver best-in-class office space into an undersupplied market every year from 2025 to 2028

“Demand from occupiers for well-located, highly sustainable offices with good amenities, which are essential in attracting and retaining the top talent, is enabling landlords with the best buildings to command premium rents,” said Ka