Matthew Bonning-Snook
CEO & Executive Director

Good morning, everyone, and welcome to Helical's results presentation for the full year ending 31st of March 2026. Speaking today, I'm joined by our CFO, James Moss; and Rob Sims, our CIO. The agenda here sets out what we will cover during the presentation, and we'll take questions at the end.

I'm pleased to report that we have had another extremely productive year operationally as we deliver on the strategy we set out 2 years ago. At the beginning of our financial period, we exchanged contracts on the forward sale of 100 New Bridge Street to State Street Corporation, which was one of the standout transactions of 2025.

Practical completion was reached a week ago and the sale completed this week. State Street are delighted with their new building, and we are equally proud of not only the final product, but the excellent relationship that has been forged.

At Southwark, where we pivoted from a relatively equity-heavy office-led scheme to an equity-light PBSA led scheme, we exchanged contracts on the forward sale of the affordable housing block to Southwark Borough Council and the forward funding of the adjoining PBSA block with our partners' Places for London. Rob will run through the details of both transactions, but I would stress that we are taking delivery risk and not market or operational risk through our forward funding structures.

Ahead of the site