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
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