Source - SMW
Property investor McKay Securities said it had completed the sale of its long leasehold interest in 30 Lombard Street, an office building in central London, to a German institutional fund for £76.5m.

The sale price reflected a net initial yield of 4.16% on a topped-up basis and a capital value of £1,308 per square foot.

Net sale proceeds of £68.5m would be used to pay down debt, prior to further investment in new acquisitions and portfolio opportunities.

At 2:59pm: (LON:MCKS) McKay Securities PLC  share price was +4.5p at 196.75p

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