Sell shares of BG Group, Danny Fortson advised in the Sunday Times. Credit Suisse analysts have questioned whether the gas producer's big Australian operation will open on time and have said BG's estimates for its Brazilian oil fields are bigger than those of Petrobas, which leads the development. I
Read moreAIM-listed Palace Capital has agreed to acquire Property Investment Holdings for £3.65m to expand its property portfolio. The real estate group, which currently includes 17 properties worth £32.02m, generates annual income of around £2.5m. The group said it plans to raise around £20m, which will b
Read moreShares in Palace Capital jumped on Thursday after the AIM-listed commercial real estate company reported a return to the black following what it described as a "transformational" period. The firm, which changed its year-end to March 31st, posted a profit of £21.23m for the 14-month period compared
Read moreLONDON (Alliance News) - Property investment business Palace Capital PLC Monday said it has renewed two office leases with Rockwell Automation Ltd for a combined GBP398,916 per year in rent, unchanged from the company's previous contract, but it will be required to invest in refurbishments.
LONDON (Alliance News) - Palace Capital PLC Monday said it has agreed a new lease on an industrial unit in Coventry with existing sub-tenant Brose Ltd, a deal that will bring in GBP325,000 in rent a year. In a statement, Palace Capital said the initial term of the lease has been set at five
Read moreLONDON (Alliance News) - Palace Capital PLC Tuesday said it no longer has any outstanding loan notes that can be converted into shares, after repaying GBP300,000 of the instruments. In a statement, the AIM-quoted property investment company, which focuses on investing in the UK's secondary
Read moreLONDON (Alliance News) - Palace Capital PLC Thursday said it swung to a pretax profit in its most recent financial year after the acquisition of the Sequel property portfolio in 2013. The AIM-listed real estate company said it made a GBP5.7 million pretax profit in the twelve months ended J
Read moreLONDON (Alliance News) - Palace Capital PLC Wednesday said it has sold The Bonded Warehouse, Atlantic Wharf, Cardiff for GBP1.1 million, which represents a 20% premium to its book value after costs. Palace said it will use most of the net proceeds to reduce its debt levels, with its debt fa
Read moreProperty investment group Palace Capital has sold its Bonded Warehouse office building in Cardiff as part of its active management of the Sequel Portfolio, acquired in October 2013. The 17,375 square foot property located in Atlantic Wharf was sold for £1.1m, which after costs represents a 20% prem
Read moreLONDON (Alliance News) - Palace Capital PLC Wednesday said it has completed the sale of its freehold interest in an office building in Leeds for GBP1.1 million, which after costs is a 13% premium to book value, and will help it to reduce its bank borrowings and boost its cash flow. Gelderd
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