Following the agreed £18.2m sale of most of the non-core residential assets acquired with the RT Warren portfolio last year, Palace Capital (PCA) has acquired a quality, mostly office building, in the heart of Liverpool for c £14m. The transactions represent a significantly positive yield arbitrage, enhancing existing strong reversionary potential. Further opportunities reposition and grow the portfolio, including the Hudson Quarter development in York, and are positive indicators
04 Jan 2019
Palace Capital - Positive reinvestment of residential proceeds
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Palace Capital - Positive reinvestment of residential proceeds
Palace Capital plc (PCA:LON) | 240 19.2 3.5% | Mkt Cap: 90.0m
- Published:
04 Jan 2019 -
Author:
Martyn King -
Pages:
2
Following the agreed £18.2m sale of most of the non-core residential assets acquired with the RT Warren portfolio last year, Palace Capital (PCA) has acquired a quality, mostly office building, in the heart of Liverpool for c £14m. The transactions represent a significantly positive yield arbitrage, enhancing existing strong reversionary potential. Further opportunities reposition and grow the portfolio, including the Hudson Quarter development in York, and are positive indicators