05.06.2009 - Helical upbeat over real estate opportunities
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