Helical (HLCL): Southwark student accommodation scheme
This situation live
HLCL Helical
26 Nov 2025 · Three schemes under construction for 2026 · +5% until the next step
Delivering 464,500 sq ft of new and refurbished office space in 2026
27 Feb 2026 · Forward funding exchanged conditionally; construction to start later 2026 · −5% until the next step
the JV will receive an initial payment of £35.2 million (Helical' s share: £18.0 million) on receipt of Gateway 2 approval, which is targeted for the second half of this year
22 Apr 2026 · Four schemes under construction · −1% until the next step
This will be followed by the completion of Brettenham House, WC2 and 10 King William Street, EC4 later in the year
22 May 2026 · Two schemes due for completion in 2026 · −4% until the next step
Works are at an advanced stage on the comprehensive redevelopment of this c.128,000 sq ft 1930s building, with completion due in August 2026.
16 Jul 2026 · Gateway 2 submitted, awaiting approval · −5% since
Works are on track to complete the comprehensive redevelopment of this 128,000 sq ft 1930s building in September 2026.
Southwark student accommodation scheme
Gateway 2 submitted, awaiting approval
Next: Gateway 2 approval
Every step · 5
- 26 Nov 2025 Three schemes under construction for 2026 – Delivering 464,500 sq ft of new and refurbished office space in 2026 ↗
- 27 Feb 2026 Forward funding exchanged conditionally; construction to start later 2026 – the JV will receive an initial payment of £35.2 million (Helical' s share: £18.0 million) on receipt of Gateway 2 approval, which is targeted for the second... ↗
- 22 Apr 2026 Four schemes under construction – This will be followed by the completion of Brettenham House, WC2 and 10 King William Street, EC4 later in the year ↗
- 22 May 2026 Two schemes due for completion in 2026 – Works are at an advanced stage on the comprehensive redevelopment of this c.128,000 sq ft 1930s building, with completion due in August 2026. ↗
- 16 Jul 2026 Gateway 2 submitted, awaiting approval – Works are on track to complete the comprehensive redevelopment of this 128,000 sq ft 1930s building in September 2026. ↗
What is happening
Helical: Southwark student accommodation scheme – Gateway 2 submitted, awaiting approval. ['Gateway 2 submitted, awaiting approval']
- In short
- In February 2026 the 429-bed student accommodation was forward funded to Places for London and the affordable homes forward sold to Southwark Council, leaving the JV with delivery risk only. On 16 July 2026 Helical said Gateway 2 had been submitted and expected approval this year; delivery is targeted before the 2029/30 academic year.
- Announced
- 26 Nov 2025 · Three schemes under construction for 2026
- Latest
- 16 Jul 2026 · Two schemes completing in 2026
- Scheme
- 429-bed PBSA; affordable homes forward sold to Southwark Borough Council
- Risk
- Delivery risk only; no occupational or market risk
- Return target
- In excess of 3.0x return on investment
- Delivery
- Targeted ahead of the 2029/30 academic year
- Next milestone
- Gateway 2 approval, expected this year
What comes next
Gateway 2 approval.
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