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Pin to quick picksPalace Capital Regulatory News (PCA)

Share Price Information for Palace Capital (PCA)

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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 Feb 20187:00 amRNSSale of three residential properties
26th Jan 20187:00 amRNSNew £40 million banking facility
22nd Jan 20187:00 amRNSPalace Capital's sales programme continues
19th Jan 20187:00 amRNSDirector/PDMR Shareholding
18th Dec 20175:07 pmRNSDirector/PDMR Shareholding
5th Dec 20176:19 pmRNSDirector/PDMR Shareholding
4th Dec 20177:00 amRNSHalf-year Report
30th Nov 20171:00 pmRNSDividend declaration
1st Nov 20175:08 pmRNSGrant of awards under LTIP
31st Oct 20175:00 pmRNSTotal Voting Rights
16th Oct 20175:15 pmRNSHolding(s) in Company
16th Oct 20177:00 amRNSLease renewal in Farnborough
11th Oct 20176:05 pmRNSDirector/PDMR Shareholding
11th Oct 201710:11 amRNSHolding(s) in Company
11th Oct 20178:50 amRNSHolding(s) in Company
9th Oct 20172:50 pmRNSHolding(s) in Company
9th Oct 20171:20 pmRNSHolding(s) in Company
9th Oct 20178:10 amRNSDirector/PDMR Shareholding
6th Oct 201710:52 amRNSResult of GM and Open Offer
29th Sep 20175:00 pmRNSTotal Voting Rights
26th Sep 20177:00 amRNSGrant of options under deferred bonus plan
22nd Sep 20178:00 amRNSHolding(s) in Company
19th Sep 20173:11 pmRNSFurther re. Placing and Open Offer
19th Sep 20177:00 amRNSProposed Acquisition, Placing and Open Offer
24th Aug 20177:00 amRNSDisposal of property
18th Aug 20177:00 amRNSMajor planning consent secured in York
8th Aug 20177:00 amRNSManchester letting
7th Aug 20177:00 amRNS£20 million property acquisition in Newcastle
11th Jul 201711:07 amRNSResult of AGM
7th Jul 20172:40 pmRNSHolding(s) in Company
5th Jul 20179:30 amRNSHolding(s) in Company
29th Jun 20177:00 amRNSHolding(s) in Company
19th Jun 20174:55 pmRNSHolding(s) in Company
7th Jun 20172:59 pmRNSFurther re dividend record date
6th Jun 20177:00 amRNSFinal Results & Notice of AGM
31st May 20179:30 amRNSHolding(s) in Company
31st May 20179:30 amRNSHolding(s) in Company
4th May 20177:00 amRNSHolding(s) in Company
2nd May 20177:00 amRNSPortfolio and trading update
19th Apr 20174:15 pmRNSChange of Registered Office
7th Apr 201711:10 amRNSDirector/PDMR Shareholding
3rd Apr 20174:55 pmRNSHolding(s) in Company
3rd Apr 20177:00 amRNSHolding(s) in Company
31st Mar 20175:30 pmRNSTotal Voting Rights
31st Mar 20174:55 pmRNSHolding(s) in Company
22nd Mar 20177:00 amRNSMajor Planning Application in York
13th Mar 20175:42 pmRNSHolding(s) in Company
13th Mar 20177:00 amRNSOption exercises and Transaction in Own Shares
6th Mar 20177:00 amRNSSale of property in Maldon, Essex for £3.9m
24th Feb 20177:01 amRNSSale of long leasehold in Leeds

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