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Pin to quick picksPalace Capital Regulatory News (PCA)

Palace Capital Information

Share Price Information for Palace Capital (PCA)

London Stock Exchange
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Share Price: 235.00
Bid: 233.00
Ask: 235.00
Change: -8.00 (-3.29%)
Spread: 2.00 (0.858%)
Open: 235.00
High: 235.00
Low: 233.00
Prev. Close: 243.00
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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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END
 
 
DISUKAURSRUSUAR
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Date   Source Headline
24th Feb 20177:00 amRNSSale of vacant freehold in Stockport
8th Feb 20177:00 amRNSPrivate investor presentation, Bristol
2nd Feb 201711:45 amRNSInitiation of research - Edison
20th Jan 201710:30 amRNSHolding(s) in Company
19th Jan 20177:00 amRNSLetting on significant conversion in Dartford
16th Dec 20167:00 amRNSExtension of 75,000 sq ft lease in Maldon, Essex
14th Dec 201612:25 pmRNSDirector/PDMR Shareholding
2nd Dec 20163:55 pmRNSHolding(s) in Company
21st Nov 20167:00 amRNSHalf-year Report
14th Nov 20167:00 amRNSNew letting in Exeter
7th Nov 20167:00 amRNSLetting at The Forum, Exeter
2nd Nov 20167:00 amRNSProperty Portfolio Update
26th Oct 20167:00 amRNSPrivate Investor Presentations
15th Sep 201612:39 pmRNSDirector/PDMR Shareholding
12th Sep 20167:00 amRNSSale of two buildings
22nd Aug 20167:00 amRNSProperty Acquisition
12th Aug 20167:00 amRNSProperty disposal for £1.086 million
29th Jul 20169:49 amRNSCapital Markets day
7th Jul 20167:00 amRNSExtension of financing facilities
6th Jul 201611:22 amRNSResult of AGM
4th Jul 20164:25 pmRNSGrant of awards under LTIP
1st Jul 20168:31 amRNSDisposal of property
30th Jun 20166:10 pmRNSTotal Voting Rights
22nd Jun 201611:30 amRNSDirector Shareholding
21st Jun 20167:00 amRNSTransaction in Own Shares
20th Jun 20167:00 amRNSTransaction in Own Shares
16th Jun 20162:48 pmRNSNotice of AGM and posting of accounts
15th Jun 20163:40 pmRNSExercise of Warrants
14th Jun 20161:18 pmRNSAcquisition of Boulton House, Manchester
6th Jun 20167:00 amRNSFinal Results
10th May 20167:00 amRNSPortfolio Update and Final Dividend Forecast
6th May 20167:00 amRNSAdoption of Financial Reporting Standard FRS 102
4th Apr 20167:00 amRNSHolding(s) in Company
24th Mar 201610:52 amRNSResult of General Meeting
14th Mar 20167:00 amRNSAcquisition
29th Feb 20167:00 amRNSAcquisition
25th Feb 20167:00 amRNSNotice of general meeting
8th Feb 20167:00 amRNSApproval for 139 apartments in York
2nd Feb 20167:00 amRNSDirector Shareholding
20th Jan 201611:47 amRNSHolding(s) in Company
8th Dec 20155:12 pmRNSGrant of awards under LTIP
4th Dec 20155:34 pmRNSHolding(s) in Company
4th Dec 20155:27 pmRNSHolding(s) in Company
2nd Dec 20152:00 pmRNSDirector Shareholding
30th Nov 20154:15 pmRNSDirector Shareholding
30th Nov 20153:32 pmRNSReplacement - Half Yearly Report
30th Nov 20157:00 amRNSHalf Yearly Report
17th Nov 20157:00 amRNSNotice of Half Yearly Results
21st Oct 20157:00 amRNSNew letting in Bristol
28th Aug 20157:00 amRNSLetting in Burgess Hill
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