McKay Securities Plc (LSE:MCKS) acquired Evergreen Studios from Sheen Lane Developments Limited for £14.75 million on October 11, 2021. The consideration represents a net initial yield of 5.8%. Totaling 17,325 square feet, Evergreen Studios offers Grade-A open plan office space spread across five floors ranging from 3,300 to 3,600 square feet. On completion of the sale, Sheen Lane Developments has entered into a two-year lease of the whole building, at a rent payable from commencement of £0.92 million per annum. CWM acted for the vendor and Savills acted for McKay. McKay Securities Plc (LSE:MCKS) completed the acquisition of Evergreen Studios from Sheen Lane Developments Limited on October 11, 2021.