Property disposal

Summary by AI ^BETAClose X

Panther Securities PLC has completed the sale of its vacant 50,000 sq ft warehouse on Padholme Road, Peterborough, for approximately £3,250,000 in cash, representing an increase of £250,000 on its current book value of £3,000,000. The property was previously let at £345,000 per annum, with the Group having received a £500,000 premium in May 2024 for a lease variation that included a break clause, which the tenant subsequently exercised in June 2025. The proceeds from this disposal are intended for future, as yet unidentified, property investments.

Disclaimer*

Panther Securities PLC

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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