REG - Palace Capital PLC - Completion of acquisition of Bank House <Origin Href="QuoteRef">PCA.L</Origin>

Palace CapitalAnnouncement

02/04/2015 07:00

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. +44 (0)20 3301 8331
Allenby Capital Limited (Nominated Adviser and Joint Broker)
Nick Naylor / James Reeve
Tel. +44 (0)20 3328 5656
Arden Partners plc (Joint Broker)
Chris Hardie
Tel. +44 (0)207 614 5917
Broker Profile (Financial PR)
Simon Courtenay
Harry Rippon
Harriet Jackson
Tel. +44 (0)20 7448 3244

This information is provided by RNS
The company news service from the London Stock Exchange
  END
ACQGMGGDNMNGKZM