- Property investor McKay Securities said it had let the second floor of Prospero, an office development in Redhill, to specialist savings and lending bank Shawbrook Bank.

The deal meant the building was now 91% let, the company said.

Shawbrook agreed to a 10-year lease of the 13,915 square foot floor, at a rental level consistent with recent lettings, it added.

'Prospero is now 91% let to a diverse range of high quality businesses attracted by modern, environmentally-conscious and tenant-focused office space,' chief executive Simon Perkins said.

'This is something that hasn't been available in Redhill for over a decade and provides local and regional companies with an alternative to the increasingly dated buildings elsewhere in the town.'

At 8:01am: [LON:MCKS] McKay Securities PLC share price was -2.5p at 272.5p

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