MCKS.L Regulatory News (MCKS)

20 Jul 2007 08:03

McKay Securities PLC20 July 2007 McKAY SECURITIES PLC PRESS RELEASE Pegasus Place letting leaves only 5,328 sq ft of new build office accommodation in the Crawley Market McKay Securities PLC is pleased to announce the letting of the ground floor ofPegasus One (4,618 sq ft) to Towry Law, a financial services company relocatingfrom Crawley town centre. The tenant has taken a ten year lease at a rent of£110,000 pa. Pegasus Place is an attractively landscaped high quality office scheme totalling50,035 sq ft in three buildings developed by McKay off Gatwick Road, midwaybetween the airport and the town centre; the letting leaves only the first floorof Pegasus One (5,328 sq ft) remaining with a guideline rent of £25 psf. This isthe only new build Grade A office accommodation available to let in the Crawleymarket. Knight Frank and Maxwell Brown acted for McKay Securities PLC, and BondWoodhouse represented Towry Law. Background Information McKay Securities PLC is a Real Estate Investment Trust specialising in thedevelopment and refurbishment of quality commercial buildings within establishedand emerging growth areas of Central London and the South East of England.Completed projects are retained and managed for long term growth within theGroup's portfolio, valued in excess of £350m (at 31st March 2007). Contact McKay Securities PLC - 0118 950 2333Simon Perkins, Managing Director 20th July 2007 This information is provided by RNS The company news service from the London Stock Exchange