Business
Sale and leaseback of business premises in Poole
Sale and leaseback of business premises in Poole.
About this update from Newmark Security Plc
[{"type":"text","content":"\n \nRNS Number : 8108N Newmark Security PLC 11 August 2017 \n\n \n \n11 August 2017\n \nNewmark Security PLC\n \n(\"Newmark\", the \"Company\" or the \"Group\")\n \nSale and leaseback of business premises in Poole\n \nNewmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, announces that further to its announcement of 10 May 2017 regarding the acquisition of new business premises in Poole, Dorset, for the Company's electronic division Grosvenor Technology, it has exchanged contracts for a sale and leaseback arrangement for the same property. \n \nThe property was sold for £1.525 million and will result in the Company realising £360,000 after costs involved in the acquisition, refurbishment and subsequent disposal and repayment of the bank loan used to purchase the property. The lease arrangement is for a period of 15 years with stipulated increases to the annual rental rate at the five and ten year anniversaries of the commencement of the lease contract. The sale and leaseback arrangements are expected to be completed in the coming weeks. \n \n \nFor further information:\n \n\n\n\n\nNewmark Security plc\nMarie-Claire Dwek, Chief Executive Officer\nBrian Beecraft, Group Finance Director\n \n\n\nTel: +44 (0) 20 7355 0070\nwww.newmarksecurity.com\n\n\n\n\nAllenby Capital Limited\n(Nominated Adviser and Broker)\nJeremy Porter / James Reeve / Liz Kirchner\n \n\n\nTel: +44 (0) 20 3328 5656\n\n\n\n\nYellow Jersey PR Limited\nFelicity Winkles / Joseph Burgess / Dominic Barretto\n \n\n\nTel: +44 (0) 7768 537 739\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCGGUGCRUPMGPG\n ","length":3444,"tagName":"div"}]