Park Group has announced the purchase of the property freehold on the site of its main operations for a cash consideration of £4.75m (plus recoverable VAT). Compared with the loss of interest income on the cash at current low interest rates, the saving on lease costs makes this a very sensible deal for the group and its shareholders, with the potential to increase future earnings and cash-flows as well securing an important operational base.

Unlock the rest of this Article in 15 seconds

or Unlock with your email