Search
 

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.

By GlobeSt News Hub | Updated on December 19, 2012

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 .

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.