Pristine Capital PLC, the main market listed cash shell focused on making acquisitions in the commercial real estate sector, is aiming to buy a portfolio or a company with assets between 30 to 50 million pounds in the form of a reverse takeover.
Neil Sinclair, Executive Chairman talks about their rebrand, strategic focus and more.
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.
