02:00 Wed 20 Jan 2021
McKay Securities - McKay Secures Substantial Lease Renewal
Press Release
McKAY SECURES SUBSTANTIAL LEASE RENEWAL IN
McKay Securities Plc ("McKay" or "the Company"), the only
D&G has been based at Swan Court since McKay developed the five-storey building in 2006, having originally leased the entire office accommodation (53,800 sq ft), on a 15-year term expiring in
As part of the agreement, McKay will refurbish and improve the common parts of the building, refreshing the reception area and creating new tenant amenities, with the provision of bike storage and shower facilities. McKay will also refurbish the ground and first floors (16,400 sq ft), incorporating the ground floor retail unit (3,730 sq ft), into a modern, urban office environment available on flexible terms on completion of the works in the Autumn.
Commenting on the letting,
Commenting on behalf of D&G, Nick Ulycz, Chief Operating Officer, said: "Whilst in the last year we have mainly been working from home, we will be adopting a hybrid working model and remain committed to providing our colleagues with an office environment for collaborative working. The updated facilities at Swan Court will be a great place to meet with colleagues and clients to share and progress ideas."
Savills acted on behalf of McKay and D&G was represented by CBRE.
-ENDS-
For further information, please contact:
McKay Securities Plc FTI Consulting
Giles Salmon, CFO 0203 727 1000
0118 950 2333 mckay@fticonsulting.com
About McKay Securities
McKay Securities Plc is a commercial property investment company with Real Estate Investment Trust (REIT) status, listed on the main market of the London Stock Exchange. It specialises in the development and refurbishment of office, industrial and logistics buildings within proven markets of South East England and London. The portfolio at
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