REG - Panther Securities - Further re. Bentalls Complex, Maldon

Panther SecuritiesAnnouncement

21/02/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220221:nRSU2019Ca&default-theme=true

RNS Number : 2019C  Panther Securities PLC  21 February 2022

21 February 2022

Panther Securities PLC

(the "Company" or the "Group")

Further re. Bentalls Complex, Maldon

Further to the announcement dated 8 November 2021 in which the Company advised
that the main tenant of Bentalls Complex, Maldon had decided to terminate the
lease on 14 November 2021, the Company is pleased to announce that a new lease
has been signed for the majority of the property for £800,000 pa (the
previous lease generated £650,000 pa) with effect from 1 March 2022.

The property is let on a Full Repairing and Insuring lease, subject to a
Schedule of Condition, for a period of five years with a mutual rolling break
from the third anniversary whereby either party can serve six months' prior
written notice.

The Bentalls Complex comprises a 200,000 sq ft high bay industrial building
standing on a 9-acre site.

 

For further information:

Panther Securities
plc:                                                                         Tel:
01707 667 300

Andrew Perloff / Simon Peters

Allenby Capital Limited (Nomad and Joint
Broker)                           Tel: 020 3328 5656

David Worlidge/ Alex Brearley

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  FURFLFILFRIIFIF