The company has announced that it has exchanged contracts for the purchase of the freehold of Boulton House, Chorlton Street, Manchester for a consideration of £10.95m, subject to a downward adjustment of up to £0.4m for rent guarantees and other costs. Completion is set for 30 September 2016. The acquisition is being funded by a new debt facility from one of Palace Capital’s existing lenders.
14 Jun 2016
Manchester office purchase
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Manchester office purchase
Palace Capital plc (PCA:LON) | 235 0 0.0% | Mkt Cap: 88.3m
- Published:
14 Jun 2016 -
Author:
Chris Thomas -
Pages:
2
The company has announced that it has exchanged contracts for the purchase of the freehold of Boulton House, Chorlton Street, Manchester for a consideration of £10.95m, subject to a downward adjustment of up to £0.4m for rent guarantees and other costs. Completion is set for 30 September 2016. The acquisition is being funded by a new debt facility from one of Palace Capital’s existing lenders.