26th Apr 2016 10:07
LONDON (Alliance News) - McKay Securities PLC on Tuesday said it has completed the conversion works and leasing of Strawberry Hill House in Newbury, Berkshire, as a doctor's surgery.
McKay converted the building from office space into a medical centre and secured a pre-let to two local GP practices on a 25-year lease, with no breaks. The two practices have now merged and will pay GBP262,786 a year in rent.
The building has been renamed Strawberry Hill Medical Centre and will have around 20,000 automatically-transferred patients on its books when it opens.
"Since our capital raising, we have invested in accelerating a number of schemes across our portfolio to create further value. Our three large development schemes in Reading, Redhill and the City of London also continue to make good progress," Managing Director Simon Perkins said in a statement.
Shares in McKay were trading up 0.8% at 234.94 pence on Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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