Page 12 - McKay 2013 Full Year Presentation

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12
Portfolio review
• Expansion of existing tenant into third floor (5,000 sq ft)
• New 10 year lease granted over whole
• 17% increase in annual rent payable
• Expansion of existing tenant into third floor (5,300 sq ft)
and regear of first floor lease
• 6% uplift in ERV at valuation
• Two floors let (£0.14m pa)
• 7th floor tenant retained at expiry
• Improving micro location by East Croydon Station
• 10 year lease renewal with Regus
• Turnover rent circa £0.33m pa
• 24,600 sq ft short lease regear with Yamaha
• Co-terminus with warehouse occupier
• Longer term lease restructure under discussion
Pegasus One
Crawley (20,600 sq ft)
Mallard Court
Staines
(23,120 sq ft)
Corinthian House
Croydon (44,170 sq ft)
Centaur House
Fleet (21,152 sq ft)
Sopwith Drive
Weybridge (62,800 sq ft)