Property firm Helical Bar has completed its second big deal of the downturn, snapping up a £50m portfolio of multi-let offices and industrial space in the south east from ING Real Estate.
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With an annual rent roll of £4.6m, this represents a 9.3 per cent yield, and has been financed from internal cash resources. Helical plans to resell some mature assets near Heathrow fairly quickly, and will work to improve lease terms and rent reviews on the rest.
