Palace Capital Share News (PCA)

Palace Capital To Buy Former Bank Of England Regional HQ In Leeds

Palace Capital Completes Two Leases With Rockwell Automation

Sunday share tips: BG Group, Genel Energy, Palace Capital

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

DIRECTOR DEALINGS: Palace Capital Director Transfers Shares To Wife

Palace Capital In New Lettings And Lease Renewals

Palace Capital Buying Property Investment Holdings For GBP32 Million

Palace Capital to acquire Property Investment Holdings

AIM-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

Palace Capital back in the black after 'transformational' year

Shares 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

Palace Capital In Lease Renewals For Milton Keynes Office Buildings

LONDON (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. Read more

Palace Capital Lets Industrial Unit In Coventry To Brose

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

Palace Capital No Longer Has Outstanding Convertible Loan Notes

LONDON (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

Palace Capital Swings To Pretax Profit

LONDON (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

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