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McKay unlocks substantial reversion with letting of Theale logistics development

McKay Securities Plc has let the whole of 135 Theale Logistics Park, its 134,430 sq ft (c. 12,489 m²) speculative warehouse development at Junction 12 of the M4 near Reading, to a logistics operator.

The new tenant has agreed to a 10-year FRI lease term at a rent which is 2.0% ahead of March 2020 ER...

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Photos: McKay Securities
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