McKay Annual Results 12 months to 31st March 2016 - page 23

MKS / MAY 2016 /
23
PORTFOLIO REVIEW
DEVELOPMENT: PROSPERO, LONDON ROAD, REDHILL
Speculative redevelopment
of a high quality office building
of 48,050 sq ft
Off-market acquisition May 2013
Works commenced Jan 2015
Completion July 2016
Low New / Grade A vacancy of 4.8%
Cap-ex to completion: circa £6.1m
1
1. From 31.3.16: construction costs, fees, capitalised interest
1...,13,14,15,16,17,18,19,20,21,22 24,25,26,27,28,29,30,31,32,33,...38
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