McKay Securities Buys London Office Building
LONDON-McKay Securities has paid GBP 3.6 million to buy an office building measuring 12,345 square feet at 66 Wilson Street in London. The property consists of three upper floors as well as ground and lower ground floors. The entire building is leased to Barclays plc's subsidiary Gerrard Investment Management at an annual passing rent of GBP 375,000 until June 2013, and subleased to WPP's subsidiary TNS PLC.
The initial yield on the building is 9.9%. Harding and Mellersh represented McKay. For the full story, go to PropertyMall .
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