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Boulton House disposal

29 Apr 2024 13:15

RNS Number : 4439M
Palace Capital PLC
29 April 2024
 

29 April 2024

Palace Capital plc

("Palace Capital" or the "Company")

Boulton House disposal

Palace Capital today announces that it has conditionally exchanged contracts for the sale of Palace Capital (Manchester) Limited, a wholly owned subsidiary of Palace Capital plc, whose sole asset is Boulton House Manchester, an office building in the centre of Manchester, to The James (M1 Living) Limited, a special purpose vehicle, for a cash consideration of £8.75 million, which reflects a NIY of 8.7%. The disposal is at the 31 March 2024 book value and 2.8% below the 30 September 2023 book value of £9.0 million. Completion of the transaction will be in 12 weeks' time.

Commenting on today's sale, Steven Owen, Executive Chairman said:

"The disposal of Boulton House demonstrates continuing progress in our disposal strategy and on completion will provide additional cash for returning to shareholders in due course."

 

Palace Capital plc Steven Owen, Executive Chairmaninfo@palacecapitalplc.com

Financial PR FTI ConsultingDido Laurimore / Giles BarrieTel: 44 (0)20 3727 1000palacecapital@fticonsulting.com

 

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DISUKAURSRUSUAR
Date   Source Headline
8th Sep 20115:00 pmRNSProposed Acquisition and Placing
23rd Aug 20113:42 pmRNSDirectorate Change
23rd Aug 20113:40 pmRNSResult of AGM
1st Aug 20117:30 amRNSSuspension - Palace Capital Plc
1st Aug 20117:30 amRNSSuspension
24th Mar 201112:47 pmRNSChange of Adviser
26th Oct 20101:11 pmRNSHalf Yearly Report
26th Oct 20101:11 pmRNSHalf Yearly Report
21st Sep 20102:45 pmRNSNotice of Significant Shareholder
5th Aug 201010:26 amRNSChange of Registered Office
3rd Aug 20107:00 amRNSChange of Name
30th Jul 201012:45 pmRNSResult of Meetings
30th Jul 201011:44 amRNSHolding(s) in Company
26th Jul 201012:35 pmRNSAnnual Financial Report
6th Jul 201012:01 pmRNSDisposal and Posting of Circular
6th Jul 201011:56 amRNSPreliminary Results year ended 31 January 2010
22nd Feb 201010:03 amRNSHolding(s) in Company
3rd Feb 201011:57 amRNSHolding(s) in Company
1st Feb 201012:43 pmRNSHolding(s) in Company
28th Jan 201010:01 amRNSHolding(s) in Company
27th Jan 201012:48 pmRNSHolding(s) in Company
18th Jan 20102:05 pmRNSHolding(s) in Company
18th Nov 20093:54 pmRNSHolding(s) in Company
18th Nov 20099:09 amRNSChange of Registered Office
23rd Oct 20097:00 amRNSInterim Results - six months ended 31 July 2009
29th Jul 20099:29 amRNSAnnual Report and Accounts
15th Jun 20097:00 amRNSPreliminary Results - year ended 31 January 2009
22nd May 200911:19 amRNSHolding(s) in Company
29th Oct 20087:00 amRNSInterim Results
18th Jul 20082:08 pmRNSAnnual Report and Accounts
13th May 20086:00 amRNSFinal Results
17th Apr 20082:29 pmRNSDirector/PDMR Shareholding
2nd Apr 20089:51 amRNSHolding(s) in Company
24th Jan 20082:06 pmRNSChange of Adviser
14th Dec 200712:29 pmRNSTrading Statement
31st Oct 20077:01 amRNSInterim Results
19th Sep 20074:05 pmRNSAGM Statement
17th Aug 20073:35 pmRNSAIM Rule 26
8th Aug 200712:15 pmRNSAnnual Report and Accounts
8th Aug 200712:15 pmRNSRestoration - Leo Insurance
31st Jul 20072:00 pmRNSSuspension - Leo Insurance
15th Jun 20078:39 amRNSStatement re. Press Comment
13th Jun 200710:36 amRNSFinal Results
22nd Mar 20073:32 pmRNSNotifiable Interest
15th Dec 20065:52 pmRNSTotal Voting Rights
28th Nov 20064:26 pmRNSHolding(s) in Company
26th Oct 200611:59 amRNSInterim Results
13th Sep 20061:07 pmRNSResult of AGM
27th Jun 200610:17 amRNSFinal Results
4th May 20064:45 pmRNSExercise of Options

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