Helical Bar PLC HLCL HELICAL BAR ACHIEVES PLANNING AT BARTS SQUARE

  Helical Bar PLC (HLCL) - HELICAL BAR ACHIEVES PLANNING AT BARTS SQUARE

RNS Number : 7005R
Helical Bar PLC
21 November 2012






21 November 2012

                  Helical Bar plc ("Helical" or the "Group")



                HELICAL BAR ACHIEVES PLANNING AT BARTS SQUARE



Helical Bar has received a resolution to grant planning permission and
conservation area consent for its proposed mixed use development at the former
St Bartholomew's Hospital site in London, EC1.



The Members of the City Planning Committee voted unanimously in favour of the
resolution to grant planning permission and conservation area consent subject
to entering into a Section 106 Agreement and other defined planning
conditions.



The buildings on the site are currently let to the NHS but will become vacant
on a phased basis over the course of the next two to four years and Helical's
scheme, designed by architects Sheppard Robson, will bring much needed
regeneration to this area of the City. The scheme comprises circa 230,000 sq
ft of office space in two buildings and 215 high quality residential
apartments in 17 buildings with retail space at ground floor level. The
developer proposes significant public realm improvements, which will be
incorporated into the wider Smithfield Area Strategy being worked up by the
City.



Gerald Kaye, development director at Helical Bar said "We are very excited to
have received the resolution to grant and believe the outcome of the
Committee's decision reinforces the clear need and support for redevelopment
in this area. Our focus will now be to further progress the design to deliver
the sympathetic and considered scheme that the area deserves."



Work on site is due to commence in late 2014.



DP9 acted as planning consultants for Helical Bar.



                                  ---ENDS---



For Helical Bar enquiries please contact:



Gerald Kaye - Development Director



Tel:  020 7629 0113

Email:  gak@helical.co.uk



For all media enquiries please contact:



Stephanie Highett/Dido Laurimore/ Daniel O'Donnell

FTI Consulting



Tel:  020 7831 3113

Email: Stephanie.highett@fticonsulting.com

 Dido.laurimore@fticonsulting.com

 Daniel.o'donnell@fticonsulting.com



                     This information is provided by RNS
           The company news service from the London Stock Exchange

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