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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
1st Apr 20197:00 amRNSDirector Dealing
21st Mar 20194:56 pmEQSHardman & Co Research: Palace Capital (PCA): Hudson Quarter, York, development commences
8th Mar 20197:00 amRNSDividend Declaration
19th Feb 20197:00 amRNSNew lease at Sol Northampton
11th Feb 20197:00 amRNS£35m building contract for Hudson Quarter placed
7th Feb 20197:00 amRNSNew £26.5m secured facility agreed
31st Jan 20195:28 pmRNSAppointment of Non-Executive Director
28th Jan 20197:00 amRNSAppointment of Non-Executive Director
25th Jan 201912:58 pmRNSResult of General Meeting
18th Jan 20197:00 amRNSAppointment of new joint broker
14th Jan 20197:00 amRNSDirector/PDMR Shareholding
9th Jan 20197:00 amRNSPublication of circular and notice of GM
3rd Jan 20199:30 amRNSExercise of options and total voting rights
31st Dec 201812:30 pmRNSDirector/PDMR Shareholding
24th Dec 20187:00 amRNSAcquisition of One Derby Square, Liverpool
30th Nov 20184:38 pmRNSTotal Voting Rights
28th Nov 201812:20 pmEQSHardman & Co Research: Palace Capital (PCA): Interim results to September 2018 reported
26th Nov 20187:00 amRNSHalf-year Report
23rd Nov 20187:00 amRNSContracts exchanged on 50 residential properties
20th Nov 201812:34 pmRNSHolding(s) in Company
9th Nov 20184:40 pmRNSSecond Price Monitoring Extn
9th Nov 20184:35 pmRNSPrice Monitoring Extension
29th Oct 201810:00 amRNSNotice of Interim Results
25th Oct 20184:35 pmRNSPrice Monitoring Extension
16th Oct 201812:02 pmRNSPrice Monitoring Extension
2nd Oct 20187:00 amRNS20 Year lease agreed with Aldi at Gosport
28th Sep 201810:11 amEQSHardman & Co Research: Palace Capital (PCA): Initiation of coverage
27th Sep 20184:46 pmRNSDirector/PDMR Shareholding
25th Sep 20184:40 pmRNSSecond Price Monitoring Extn
25th Sep 20184:35 pmRNSPrice Monitoring Extension
25th Sep 201812:07 pmRNSSecond Price Monitoring Extn
25th Sep 201812:02 pmRNSPrice Monitoring Extension
24th Sep 20187:00 amRNSDividend Declaration
25th Jul 20185:48 pmRNSResult of AGM
17th Jul 20187:00 amRNSGrant of awards under LTIP and Deferred Bonus Plan
27th Jun 20186:03 pmRNSSupplemental Notice of Annual General Meeting
21st Jun 20183:26 pmRNSNotice of AGM
11th Jun 20187:00 amRNSFinal Results
29th May 20187:00 amRNS28,500 sq ft office let in Harlow
21st May 201812:19 pmEQSEdison issues outlook on Palace Capital (PCA)
24th Apr 20187:00 amRNSPortfolio and trading update
18th Apr 20187:00 amRNSLease of Milton Keynes Office Building
6th Apr 20184:21 pmRNSDirector Dealing
28th Mar 20188:15 amRNSNotification of admission to the Main Market
28th Mar 20188:00 amRNSCancellation - Palace Capital Plc
21st Mar 201812:03 pmRNSPublication of Supplementary Prospectus
13th Mar 20187:00 amRNSDividend Declaration
7th Mar 20187:00 amRNSHedging Strategy Update
27th Feb 20181:58 pmRNSPublication of a Prospectus, move to Official List
12th Feb 20187:00 amRNSDemolition of Hudson House, York

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