4th May 2006 09:59
McKay Securities PLC04 May 2006 PRESS RELEASE Lettings in Sutton for McKay McKay Securities PLC has completed the letting of the ground (part) and firstfloor of Chancery House, Sutton to Skybridge Group Plc, a member of the Havas SAGroup. The marketing communications consultant has taken 12,422 sq ft of officefloor space on a 10.5 year lease with a tenant only break after 5.5 years at arent of £195,000 pa to accommodate their head office, previously located inWimbledon. Chancery House, a 55,000 sq ft office headquarters in central Sutton, wasdeveloped by McKay in 1982 in partnership with Hill Samuel (now merged withScottish Widdows Investment Partnership). McKay acquired the controlling headlease interest from SWIP in 2004 and completed a comprehensive refurbishment ofthe common parts towards the end of 2005. Since then significant progress hasbeen made in letting the vacant parts of the building with four new tenantstaking a total of 23,137 sq ft with a combined rental value of £361,102 pa.2,392 sq ft remains vacant. Commenting on the letting, Simon Perkins, Managing Director of McKay said "Weare pleased to welcome Skybridge to Chancery House and to complete the largestletting in Sutton, an often underrated centre, for at least the last five years.It is encouraging that our refurbishment work has helped attract new tenants toSutton, ahead of the rents and voids assumed at the time we acquired the headlease interest". Stiles Harold Williams and Collins Commercial represented McKay Securities PLC Contacts: McKay Securities PLC - 0118 950 2333 Simon Perkins, Managing Director 4th May 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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