Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

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McKay Securities. (MCKS)

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Thursday 14 June, 2012

McKay Securities.


RNS Number : 2945F
McKay Securities PLC
14 June 2012











McKay Securities PLC, the Real Estate Investment Trust (REIT) specialising in South East and central London office and industrial property, has acquired the freehold of Pinehurst Park, Farnborough for £3.5 million. It has acquired the property from Receivers who were paid a further undisclosed sum from the tenant for the simultaneous completion of a Deed of Variation.  The property, which totals 2.8 acres in central Farnborough, comprises a former Victorian convent building of 13,400 sq ft that has been converted to offices, which is connected to a modern office building of 50,200 sq ft. 


The entire property is let to IBM until January 2016 at an annual rent of £1.29 million.  Coterminus with the acquisition, IBM entered into a Deed of Variation that enables it to vary the terms of its existing lease in January 2013.  At that time, IBM can extend its lease term to February 2018 at a revised rent of £500,000 per annum and hand back the office space it occupies in the former convent building and half of the modern building.


In the event that IBM exercise the Deed, it is McKay's intention to pursue the early disposal of the former convent for residential use.  Thereafter, it will seek planning consent for a change of use of the balance of the site to allow a possible disposal on or prior to the expiry of IBM's occupation.


The property was introduced to McKay by the London and Devonshire Trust, who will work alongside McKay with future management.  Strutt and Parker acted for the Receivers, Jo Pitt and Ben Moon of BNP Paribas Real Estate.


Commenting, Simon Perkins, Managing Director of McKay said,


"  This acquisition provides a high income yield from an undoubted covenant with a reasonable  timeframe to pursue an uplift in value by way of a residential planning consent.  This would be an appropriate alternative use for this prominent and accessible town centre site, in keeping with recently introduced national planning policy framework. "




Date: 14th June 2012

For further information contact:


McKay Securities PLC

City Profile

Simon Perkins - Managing Director  

Simon Courtenay

Giles Salmon - Finance Director

020 7448 3244

0118 950 2333


This information is provided by RNS
The company news service from the London Stock Exchange