Helical Completes 60,000 Sq Ft of Lettings at The Bower in Old Street

Why It Matters

The deals highlight strong demand for premium, flexible office space in London’s tech corridor, signaling confidence in the post‑pandemic commercial real‑estate market.

Key Takeaways

• Helical let 60,000 sq ft at The Bower, Old Street
• Fin secured reversionary leases on two floors of The Warehouse
• Fresha renegotiated three‑floor lease in The Tower
• Total new office space leased exceeds 70,000 sq ft
• Activity underscores demand for premium London tech‑sector offices

Pulse Analysis

Helical, a specialist office‑space provider, announced the completion of 60,000 square feet of lettings at The Bower, a newly refurbished building on Old Street in London’s Shoreditch district. The space, designed for flexible work environments, attracted a mix of fintech and creative tenants eager to return to a central location after the pandemic. By securing the entire floor plate within weeks, Helical demonstrated both the attractiveness of the Bower’s modern amenities and the lingering appetite for premium office real estate in one of the city’s most vibrant tech corridors.

At the same time, other high‑profile lease activity underscored the momentum. Fin agreed to reversionary leases on the eighth and ninth floors of The Warehouse, a move that secures future occupancy without immediate cash outlay. Meanwhile, beauty‑services platform Fresha re‑geared its lease across three floors of The Tower, reflecting a strategic shift toward more adaptable space commitments. Both transactions illustrate a growing preference for flexible lease structures that allow companies to scale up or down as market conditions evolve, a pattern increasingly common among London’s fast‑growing tech and service firms.

The cluster of deals signals renewed confidence in London’s office market, which has been rebounding from pandemic‑induced vacancies. Investors and landlords are responding by offering shorter‑term, serviced‑office options that meet the agility demands of digital‑first businesses. As Shoreditch continues to attract venture‑backed startups, the supply of high‑quality, centrally located space like The Bower, The Warehouse, and The Tower is likely to remain tight, supporting upward pressure on rents and reinforcing the city’s status as Europe’s premier tech hub.