McKay Annual Results 12 months to 31st March 2016 - page 22

MKS / MAY 2016 /
22
DEVELOPMENT: 9 GREYFRIARS ROAD, READING
PORTFOLIO REVIEW
Speculative comprehensive refurbishment
of 38,200 sq ft 1980s office building
Off market acquisition in May 2014: £5.8m
Close to Reading Station, and set to benefit from Crossrail,
station improvements and major Station Hill redevelopment
Completion May 2016
Cap-ex to completion: circa £2.3m
1
EADQUARTERS OFFICE BUILDING OF 39,926 SQ FT
ART OF READING TOWN CENTRE, THREE MINUTES’
Reading, RG1 1JG
GREYFRIARS
1. From 31.3.16: construction costs, fees, capitalised interest
1...,12,13,14,15,16,17,18,19,20,21 23,24,25,26,27,28,29,30,31,32,...38
Powered by FlippingBook