7th Feb 2014 09:27
LONDON (Alliance News) - Real estate investment trust McKay Securities PLC said Friday it has secured a 25 year pre-let at its Strawberry Hill House property in Newbury.
The real estate investment trust, which specialises in the markets of south east England, said it has entered into an agreement for a lease under which, subject to planning consent approval, it will convert the 1980's office building and add to the existing building to make a 15,200 square feet medical centre.
The conversion to medical use will allow for two local medical practices to relocate and expand into the building, it said.
McKay shares were trading 0.04% higher Friday morning, at 187.80 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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