Completion of acquisition of Bank House

RNS Number : 2496J

Palace Capital PLC

02 April 2015

 



Palace Capital plc

("Palace Capital" or the "Company")

Completion of acquisition of Bank House, Leeds

Palace Capital, the property investment company that focuses on commercial property outside London, announces that, further to the announcement of 9 March 2015, the Company yesterday completed the acquisition of Bank House in Leeds. Bank House, which is a 90,000 sq ft building within two minutes of Leeds Railway Station, was acquired for £10 million, satisfied from the Company's existing cash resources.

Date: 2 April 2015

For further information contact:

Palace Capital plc

Stanley Davis, Non-executive Chairman

Neil Sinclair, Chief Executive

Tel. [phone]

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Nick Naylor / James Reeve

Tel. [phone]

Arden Partners plc (Joint Broker)

Chris Hardie

Tel. [phone]

Broker Profile (Financial PR)

Simon Courtenay

Harry Rippon

Harriet Jackson

Tel. [phone]

 

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