Palace Capital spends £11m on Manchester's Boulton House
14th Jun 2016 15:58
(ShareCast News) - Property investment company Palace Capital announced on Tuesday that it has exchanged contracts to acquire the freehold of Boulton House, on Chorlton Street in Manchester, for a consideration of £10.95m. The AIM-traded firm said this is potentially subject to a downward adjustment
Read morePalace Capital buys central Halifax property
14th Mar 2016 15:33
(ShareCast News) - Palace Capital extended its investment reach into the heart of Halifax on Monday, announcing it had acquired the entire issued share capital of Gregory Projects (Halifax). The AIM-traded property investment company said the the target was a special purpose vehicle, and the owner o
Read morePalace Capital buys Dering Properties for £3.93m
17th Aug 2015 12:20
(ShareCast News) - Property investment company Palace Capital has completed the acquisition of Dering Properties for £3.93m. Dering holds the long lease of 46-54 High Street, Sutton, which is a fully-let 21,248 square foot retail and office building around 200 metres from Sutton Railway Station. Th
Read morePalace Capital sells building for £1.25m to reduce debt
16th Jun 2015 13:23
Palace Capital, a property investment company, sold a hi-tech building at Burgess Hill, West Sussex, for £1.25m. The property, a modern hi-tech warehouse, was sold to David Cover & Son for their own occupation. Palace Capital acquired the building in August last year for £32m. The sale was carried
Read morePalace Capital plans to convert building in York into residential accommodation
8th Jun 2015 15:43
Palace Capital, a property investment group, submitted planning permission to transform the Hudson House in York into residential accommodation. The group plans to convert the majority of the building into residential accommodation with 82 studios, and one and two bedroom apartments. Hudson House w
Read moreSunday share tips: BG Group, Genel Energy, Palace Capital
5th Oct 2014 13:32
Sell shares of BG Group, Danny Fortson advised in the Sunday Times. Credit Suisse analysts have questioned whether the gas producer's big Australian operation will open on time and have said BG's estimates for its Brazilian oil fields are bigger than those of Petrobas, which leads the development. I
Read morePalace Capital to acquire Property Investment Holdings
6th Aug 2014 08:39
AIM-listed Palace Capital has agreed to acquire Property Investment Holdings for £3.65m to expand its property portfolio. The real estate group, which currently includes 17 properties worth £32.02m, generates annual income of around £2.5m. The group said it plans to raise around £20m, which will b
Read morePalace Capital back in the black after 'transformational' year
19th Jun 2014 11:26
Shares in Palace Capital jumped on Thursday after the AIM-listed commercial real estate company reported a return to the black following what it described as a "transformational" period. The firm, which changed its year-end to March 31st, posted a profit of £21.23m for the 14-month period compared
Read morePalace Capital reduces debt through office building disposal
26th Mar 2014 09:10
Property investment group Palace Capital has sold its Bonded Warehouse office building in Cardiff as part of its active management of the Sequel Portfolio, acquired in October 2013. The 17,375 square foot property located in Atlantic Wharf was sold for £1.1m, which after costs represents a 20% prem
Read morePalace Cap sells Tolworth property
2nd Dec 2013 08:49
Property group Palace Capital has sold one of its properties in Tolworth, Surrey, it announced on Monday. The 12,300 sq ft property, Argent Court, was sold for £800,000 in cash. It made a £285,000 profit on the sale after costs. The move, which forms part of its plan to actively manage its portf
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