66 WILSON STREET, LONDON EC2A 2JX

Acting on behalf of McKay Securities PLC, we have negotiated the purchase of the above City office investment for £3,574,000.  Located 75m east of Finsbury Square, this 1980s office building provides 12,200 sq ft of air conditioned offices let to Gerrard Investment Management Limited (a subsidiary of Barclay’s Bank PLC) until June 2013 at a current rent of £375,000 per annum exclusive.  The initial net return is 9.9%.  The entire property is sublet for the term to TNS Group Holdings Limited, a subsidiary of WPP PLC. 

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