Panther Securities - Property disposal

Panther Securities

Today 07:00

RNS Number : 8520J
  
Panther Securities PLC
  
26 June 2026
  
 


26 June 2026
Panther Securities PLC
(the "Company" or the "Group")
 
Property disposal
 
Sale of Padholme Road, Peterborough
Panther Securities PLC announces that it has completed the sale of its freehold interest in its warehouse on Padholme Road, Peterborough, for approximately £3,250,000 in cash to a local investor/developer. This 50,000 sq ft warehouse is currently a vacant property.  It was purchased vacant and previously let towards the end of 2023 at a rent of £345,000 pa.  The Group received a premium of £500,000 for a variation of the lease in May 2024 (from the initial tenant), to add a rolling six-month break clause to the lease.  The tenant served a valid break notice and vacated the property in June 2025.  The property has been vacant since they exited.
The purchase price represents an increase of approximately £250,000 on the current book value for the property of £3,000,000.
It is anticipated that the funds received by the Company from the sale will be initially held for future property investment which has yet to be identified.
 
For further information:




Panther Securities plc:
Andrew Perloff / Simon Peters
 


Tel: 01707 667 300




Allenby Capital Limited (Nomad and Joint Broker)
Alex Brearley
 


Tel: 020 3328 5656




 




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