Pristine Capital Plc (PRIS.L) is a main market listed cash shell focused on making acquisitions in the commercial real estate sector. With the highly experienced management team from Palace Capital in place, the company believes there is a "Golden opportunity" to acquire overleveraged commercial real estate portfolios or distressed single assets.
Executive chairman, and 7% shareholder, Neil Sinclair says the immediate aim is to buy a portfolio or a company with assets valued between £30m to £50m in the form of a reverse takeover.
In this interview investors will learn:
- What experience the board brings to Pristine Capital and the value they created for shareholders in the past
- When the company anticipates it will complete its maiden acquisition
- How the company intends to grow the business after the first acquisition is completed
- Why Pristine believes the macro conditions are favourable for the commercial real estate sector
- Which shareholders have come on to the register since new management came on board
Reasons to add PRIS to your watchlist:
- Listed on the Main Market of the London Stock Exchange (PRIS.L) and successfully raised £1.2m in March 2022
- In January 2024, Neil Sinclair, Stanley Davis and Andrew Perloff subscribed for £312,000 of new shares at £0.01 per share taking control of the Board
- Significant management expertise including listing multiple companies, building a portfolio with a value of £280mln and paying dividends to shareholders
- Distressed Real Estate market presents the opportunity to rapidly create a high income and high growth portfolio
- A number of discussions now underway for suitable commercial Real Estate acquisition targets, either a commercial portfolio or private property company
- Gap in the real estate sector for a high-growth, small-mid cap property investment play
- Alternative funding available to listed entities through issue of ordinary shares to the vendors to rapidly move to scale
- Senior management fully aligned with external shareholders
- Timely opportunity for significant out-performance as investor sentiment recovers on the London Stock Exchange in general and improving real estate sector valuations in particular
Neil Sinclair, Chairman of Pristine Capital, was interviewed by Sarah Lowther for focusIR.
