Key Points. Palace Capital has signed a £35m construction contract with a renowned contractor, Caddick Construction Ltd (part of Yorkshire-based Caddick Group) to undertake its development in Hudson Quarter, York. We see the appointment of a renowned operator as being the first step towards derisking the project, adding further momentum for the company following its £26.5m loan facility agreed last week. We reiterate the analysis from our last note showing the potential for c.&pou
11 Feb 2019
Hudson Quarter £35m construction contract signed PCA.L 312p
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Hudson Quarter £35m construction contract signed PCA.L 312p
Palace Capital plc (PCA:LON) | 230 0 0.0% | Mkt Cap: 86.2m
- Published:
11 Feb 2019 -
Author:
Kunal Walia -
Pages:
3
Key Points. Palace Capital has signed a £35m construction contract with a renowned contractor, Caddick Construction Ltd (part of Yorkshire-based Caddick Group) to undertake its development in Hudson Quarter, York. We see the appointment of a renowned operator as being the first step towards derisking the project, adding further momentum for the company following its £26.5m loan facility agreed last week. We reiterate the analysis from our last note showing the potential for c.&pou