McKay Securities. - Letting at Pegasus Place

RNS Number:0772D
McKay Securities PLC
17 May 2006


                                 PRESS RELEASE

                              McKay Securities PLC


                      Pegasus Place, Crawley - Filling Up


McKay Securities PLC has completed the letting of Pegasus Three, Crawley to
Straumann UK Ltd, with parent company Straumann Holdings AG, quoted on the Swiss
Stock Exchange, as guarantor. The global leader in dental implants has taken a
20 year lease over the whole building (16,400 sq ft NIA) with a tenant break at
the end of year 15, at a rent of £377,211 pa, equating to a head line rent of
£23 psf.


The building is one of three at Pegasus Place, an attractively landscaped high
quality office scheme totalling 50,035 sq ft, recently developed by McKay off
Gatwick Road, midway between the Airport and Crawley town centre. Straumann will
be using the building as their new UK headquarters and to promote their dental
products. They join Rok and Arinc at the scheme, leaving only 9,900 sq ft vacant
over two floors in Pegasus One.


Commenting on the lettings, Simon Perkins, Managing Director of McKay said 'This
is another good letting for Pegasus Place, which confirms the attraction of
Crawley as a growing regional centre. The availability of new well specified
buildings at our scheme has attracted a diverse range of strong covenants
prepared to commit to better quality space on long leases, and we look forward
to letting the remaining floors'.


Maxwell Brown and Knight Frank represented McKay Securities PLC and Bond
Woodhouse represented Straumann.


Contacts

McKay Securities PLC - 0118 950 2333

Simon Perkins, Managing Director


17th May 2006


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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