McKay Securities. - Lettings at Dacre and Hook

RNS Number:1833D
McKay Securities PLC
04 September 2007


                              McKAY SECURITIES PLC

                                 PRESS RELEASE

                   McKay Secures Lettings at Dacre House, SW1
                            and Bartley House, Hook


McKay Securities PLC is pleased to announce the completion of three lettings
totalling 18,764 sq ft with a total contracted rent of £565,825 pa.

At Dacre House, London, SW1, Seco-Rail Ltd have taken a ten year lease with a
five year tenant only break clause in respect of the 2nd and 3rd floors (8,115
sq ft), and shipping agent Lorentzen and Stemoco have taken a ten year lease on
the 4th floor (2,575 sq ft). The comprehensive refurbishment of the building was
completed by McKay at the end of 2006, and with two tenants already in
occupation, these lettings leave the building fully let at a rent 45% higher
than prior to refurbishment.

At Bartley House, Hook, the ground floor of 10,649 sq ft has been let to Panacea
Ltd, a computer software company who will be moving from Basingstoke. They have
taken a ten year lease with a five year tenant only break clause at a rent of
£170,000 pa. The building is also now fully let.

At Dacre House, McKay were represented by Mellersh & Harding and at Bartley
House McKay were represented by Keene Farrer and Strutt & Parker


Background Information

McKay Securities PLC is a Real Estate Investment Trust specialising in the
development and refurbishment of quality commercial buildings within established
and emerging growth areas of Central London and the South East of England.
Completed projects are retained and managed for long term growth within the
Group's portfolio, valued in excess of £350m (at 31st March 2007).


Contact

McKay Securities PLC - 0118 950 2333
Simon Perkins, Managing Director

4th September 2007


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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