Page 10 - McKay 2013 Full Year Presentation

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10
Portfolio review
• Strategic objective of adding value through lease
regear and disposal achieved
• 10 year extension completed May 2012
@ £1.97m pa, 15 months rent free and
tenant break @ year 5 (12/2018)
• Disposal completed February 2013
@ £16.79m
– Optimum time for disposal
– 10% over March 2012 valuation
– £1.1m surplus, net of costs
• Funds for reinvestment in core markets of
London and South East England
100 Bothwell Street, Glasgow