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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
£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.

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