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Panther acquires four properties for £7.5m

Panther Securities has acquired four properties in August for around £7.5m.


The company bought a 200,000 sq ft shed in Maldon in Essex for £3.9m, the listed Lyceum Building in Liverpool for £3m, a 25,000 sq ft office and shed development in Stonehouse, Gloucestershire for £490,000 and a seafront restaurant in Margate, Kent for £190,000.


The properties will generate additional income to the group of more than £1m a year.


The group still has a further £15m revolving facility and £3m of cash funds to purchase other long-term investments.


Nick.whitten@estatesgazette.com


 

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