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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
26th Aug 20157:00 amRNSGala lease surrender at Sol Central
17th Aug 201512:15 pmRNSAcquisition
31st Jul 201510:40 amRNSUpdate on ordinary shares
10th Jul 20153:55 pmRNSHolding(s) in Company
8th Jul 201511:20 amRNSResult of AGM
8th Jul 20157:00 amRNSAGM Statement
30th Jun 201511:40 amRNSTotal Voting Rights
24th Jun 201512:30 pmRNSDirector Shareholding
22nd Jun 20157:00 amRNSHolding(s) in Company
19th Jun 201511:00 amRNSHolding(s) in Company
19th Jun 20157:00 amRNSHolding(s) in Company
16th Jun 201510:45 amRNSAcquisition of Sol Central - Result of GM
16th Jun 20157:00 amRNSSale of property at Burgess Hill
12th Jun 20157:00 amRNSPosting of Annual Report and Notice of AGM
8th Jun 20157:00 amRNSMajor Planning Application in York
28th May 20157:01 amRNSProposed acquisition and conditional £20m placing
28th May 20157:00 amRNSUnaudited preliminary annual results
11th May 20157:00 amRNS£4.5 million loan facility
13th Apr 20151:15 pmRNSHolding(s) in Company
2nd Apr 20157:00 amRNSCompletion of acquisition of Bank House
20th Mar 20155:03 pmRNSDirector's Dealing
9th Mar 20157:00 amRNSAcquisition of Bank House in Leeds
27th Feb 20151:00 pmRNSTotal Voting Rights
18th Feb 20159:26 amRNSExercise of warrants
26th Jan 20157:00 amRNSHolding(s) in Company
16th Jan 20157:00 amRNSRockwell letting update
18th Dec 20147:00 amRNSHudson House update
8th Dec 20147:00 amRNSLetting of Fraser House, Staines
27th Nov 201410:30 amRNSChange of Auditor
27th Nov 20147:00 amRNSHalf Yearly Report
17th Nov 20147:00 amRNSHolding in Company
14th Nov 20141:30 pmRNSHolding in Company
13th Nov 20148:00 amRNSNotice of Results
6th Oct 20144:15 pmRNSDirectorate Change
24th Sep 20143:00 pmRNSDirectorate Change
16th Sep 20145:10 pmRNSDirector shareholding
4th Sep 20147:00 amRNSLettings and Lease Renewals Update
3rd Sep 20147:00 amRNSHolding in Company
1st Sep 201411:25 amRNSHolding in Company
29th Aug 20145:00 pmRNSTotal Voting Rights
28th Aug 20144:35 pmRNSHolding in Company
28th Aug 20141:05 pmRNSHolding in Company
27th Aug 20142:10 pmRNSHolding in Company
26th Aug 20143:10 pmRNSAcquisition of PIH and Placing - Result of GM
15th Aug 201411:21 amRNSHolding in Company
6th Aug 20147:00 amRNSAcquisition, £20m Placing and Notice of GM
21st Jul 201411:00 amRNSResult of AGM
30th Jun 20145:50 pmRNSTotal Voting Rights
30th Jun 20147:00 amRNSHolding in Company
23rd Jun 20147:00 amRNSExercise of Warrants

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