Shoosmiths helps McKay secure £6m office building

Shoosmiths helps McKay secure £6m office building


Author: Alastair Gray

Shoosmiths real estate specialists have advised McKay Securities PLC on the £6m freehold purchase of 1 Crown Square, Woking.

Alan Corcoran, Partner

The national law firm acted for the real estate investment trust (REIT) on the acquisition of the mixed use office and retail property, in Surrey.

Shoosmiths' partner Alan Corcoran advised McKay Securities PLC and was assisted by associate Simon Shoefield and solicitor Georgina Watt (Real Estate), associate Claire Ball (Employment) and solicitor Aaron Richardson (Planning).

McKay will seek to generate income and capital growth from active management, refurbishment and development of 1 Crown Square.

Last year, Shoosmiths acted for McKay on a series of multi-million pound buys, including the £2.3m acquisition of a site at Redhill; and another in Farnborough, for £2.9m.

Shoosmiths' Real Estate Group is one of the largest in the UK. Spread across seven offices and comprising 35 partners and 230 staff in total, it is made up real estate, construction, planning, property litigation, and environmental specialists. Clients include commercial and residential developers, investors, retail and leisure operators, social housing bodies, major corporate occupiers, banks and other funders and a range of public sector bodies.

McKay is a commercial property investment company specialising in the development and refurbishment of quality buildings within established and proven markets of South East England and central London.