Helical lets the 12th floor at The Bower

Helical plc announces that it has exchanged an Agreement for Lease for the 12th floor of The Tower, The Bower, EC1, comprising 9,572 sq ft, to Audio Network Limited, a leading global music company that creates, owns and licenses premium original music for broadcasters, brands, filmmakers and digital content creators worldwide. Audio Network will relocate to The Bower in November following the completion of minor alterations by the landlord to the fitted space.

The lease has been agreed on an 11-year term, with a tenant break option at year six, and is in line with the March 2026 ERV. Following this transaction, occupancy at The Bower has increased to 96.6%.

Matthew Bonning-Snook, Chief Executive Officer of Helical, said: "We look forward to welcoming Audio Network to The Bower, where it will join our community of thriving businesses. The strong leasing momentum we have experienced over the past year at the campus reflects the ongoing appeal of Old Street and the "Silicon Roundabout", the historic heart of London's tech community."

Robb Smith, Chief Executive Officer of Audio Network, said: "We are excited to be moving to The Bower later this year. The space provides an exceptional environment that supports both creativity and collaboration, while the building's outstanding amenities and connectivity make it an ideal location for our team. We look forward to continuing our growth from this fantastic base in London."

JLL and Compton acted on behalf of Helical. Audio Network were represented by Devono.