McKay Securities. - Press Release

RNS Number:5678A
McKay Securities PLC
20 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 of
Pegasus One (4,618 sq ft) to Towry Law, a financial services company relocating
from 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 totalling
50,035 sq ft in three buildings developed by McKay off Gatwick Road, midway
between the airport and the town centre; the letting leaves only the first floor
of Pegasus One (5,328 sq ft) remaining with a guideline rent of £25 psf. This is
the only new build Grade A office accommodation available to let in the Crawley
market.

Knight Frank and Maxwell Brown acted for McKay Securities PLC, and Bond
Woodhouse represented Towry Law.

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


20th July 2007


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