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Newmark agrees sale and leaseback of Poole premises

By BFN News | 02:08 PM | Friday 11 August, 2017


Newmark Security has announced that it has exchanged contracts for a sale and leaseback of new business premises in Poole, Dorset. The property was sold for £1.525m and will result in the Company realising £360k 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. At 2:08pm: (LON:NWT) Newmark Security PLC share price was 0p at 1.35p Story provided by StockMarketWire.com

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