IN BRIEF: Panther Securities nets profit from Wolverhampton sale
10th Feb 2025 10:43
Panther Securities PLC - Hertfordshire, England-based property investor - Sells freehold interest in Charles House, Premier House and 78 Darlington Street in Wolverhampton to a local develop for GBP2.5 million cash. The mixed-used 70,000 square foot property was bought in August 2010 for GBP1.6 million. Panther received rent of GBP278,000 per year on purchase and GBP122,000 per year most recently. The firm says the purchase price represents a GBP330,000 increase from the current book value of GBP2.2 million. It says the funds will be held for a yet to be identified future property investment. Read More