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Helical upbeat over real estate opportunities

Posted on 05 June 2009

From FT: Helical Bar, the property developer, said it was well placed to take advantage of opportunities in the distressed real estate market in spite of having to wipe a fifth off its net asset value over the past year.

The company, led by chief executive Mike Slade, reported that its net asset value fell 19 per cent to £2.86 in the year to March 2009. This reflected a fall of a quarter in the value of its investment portfolio to £241m ($389m), and a 10 per cent fall in the value of its trading and development portfolio to £256m………Full Article (Subscription Required) : Source


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