Helical Bar plc announced on 28th November that it, along with CrossTree Real Estate Partners, also known as CrossTree, has exchanged contracts for the purchase of a whopping 3.12-acre site. The property sits directly opposite the recently dubbed ‘Silicon Roundabout’ – the new technological heart of London. The site has been acquired for £60.5m and is being funded by cash with a bank debt of around £30m. CrossTree will own a 67% stake of the freehold interest while Helical will own the remaining 33%.