McKay Securities agreed seven new lettings totalling £540,000 pa in the quarter ended 30 June 2016.
The company also secured two lease renewals 49.8% ahead of previous rents at £70,000 pa.
The refurbishment of the 38,2000 sq ft 9 Greyfriars Road in Reading, Berkshire, completed at the end of the period, and McKay’s new-build schemes Prospero, a 48,050 sq ft property in Redhill, Surrey, and the 58,000 sq ft 30 Lombard Street, EC3, are scheduled to complete in July 2016 and early 2018 respectively.
Speaking at his last AGM before retiring from the board, chairman David Thomas said: “Over the period, letting progress and portfolio management has continued to realise our significant portfolio reversion and further strengthen our income profile.”
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