Helical Bar gears up for investment drive
December 14, 2010
Helical Bar, the investor/developer headed by the charismatic Mike Slade, is all set to start investing on a major scale after it raised almost £30 million from its shareholders.
The fund raising is believed to have been heavily oversubscribed and reflects the market view that it has one of the strongest management teams in real estate and that 2011 will present tremendous buying opportunities.
According to Mr Slade those opportunities will come from banks sorting out distressed loans, private property companies that need recapitalising and institutions realigning their portfolios.
Helical Bar is neither sector nor geographically specific and will continue to seek those deals that generate the highest returns for its shareholders.
