Sign up
Tech Capital

Newmark nets tidy profit on £1.5mln sale of its offices purchased earlier this year

Newmark only moved into the offices in Poole back in May and will now lease the same building from the new owners
office
£360,000 isn’t a bad profit for a few months’ work…

Newmark Security PLC (LON:NWT) has sold off its business premises in Poole for £1.525mln, netting the physical and electronic security provider a £360,000 profit.

The AIM-quoted group, which only purchased the offices back in May for £1.2mln, will now lease back the same building from the new owner.

A lease agreement is already in place that will see Newmark remain in the building for the next 15 years, with increases to the annual rental rate at the five and ten year anniversaries.

Both the sale and leaseback are expected to be completed in the coming weeks, Newmark said.

View full NWT profile

Newmark Security PLC Timeline

View All

Related Articles

secure payments button
Nik Philpot, chief executive of the AIM-listed group, said: “The strong progress we have made in the US this year is clear, both in terms of the value of the contracts and the quality of those future earnings"

© tech Capital 2017

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Tech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.