Ahead of results for the year ended 31 March 2021 (FY21), due in June, Palace Capital (PCA) issued a trading update on continuing robust rent collection, further disposals of non-core assets, and perhaps most important of all, the completion of the flagship Hudson Quarter (HQ) development in York, on budget, later this month. We expect HQ to be a significant driver of returns and deleveraging over the next two years.
20 Apr 2021
Palace Capital - Hudson Quarter completion
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Palace Capital - Hudson Quarter completion
Palace Capital plc (PCA:LON) | 236 -14.2 (-2.5%) | Mkt Cap: 88.8m
- Published:
20 Apr 2021 -
Author:
Martyn King -
Pages:
7
Ahead of results for the year ended 31 March 2021 (FY21), due in June, Palace Capital (PCA) issued a trading update on continuing robust rent collection, further disposals of non-core assets, and perhaps most important of all, the completion of the flagship Hudson Quarter (HQ) development in York, on budget, later this month. We expect HQ to be a significant driver of returns and deleveraging over the next two years.