Palace Capital Share News (PCA)

Palace Capital Sells The Bonded Warehouse For GBP1.1 Million

LONDON (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

Palace Capital reduces debt through office building disposal

Property 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

Palace Capital Completes GBP1.1 Million Sale To Boost Cash Flow

LONDON (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

Palace Capital Repays Convertible Notes, Gives Notice On Preference Shares

LONDON (Alliance News) - Palace Capital PLC Friday said it has repaid GBP60,000 of convertible notes, as well as giving notice to redeem 65,000 preference shares held by Chairman Stanley Davis and Andrew Perloff. There will be no outstanding preference shares after redemption, according to

Palace Cap sells Tolworth property

Property group Palace Capital has sold one of its properties in Tolworth, Surrey, it announced on Monday. The 12,300 sq ft property, Argent Court, was sold for £800,000 in cash. It made a £285,000 profit on the sale after costs. The move, which forms part of its plan to actively manage its portf

Palace Capital Completes Property Portfolio Buy, Related Placing

UPDATE: Palace Capital Shares Suspension Lifted

Palace Capital Requests Restoration Of AIM Trading

Quintain Estates Sells Properties To Palace Capital For GBP39 Million