StockMarketWire.com - Property investor McKay Securities said it had exchanged contracts to let the entirety of its Aurum office development in London.
The 58,000 square foot speculative development, at 30 Lombard Street, was pre-let on a 15-year term to FTSE 100 wealth manager, St. James's Place.
The agreement was contingent on practical completion of the building in the summer, with St. James's Place then taking occupation in January 2019.
The letting would increase McKay's contracted rental income by 14%, the company said.
At 9:40am: [LON:MCKS] McKay Securities PLC share price was +14.5p at 262.5p
Story provided by StockMarketWire.com
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