LONDON, UK: Palace Capital has acquired 22 Market Street, an office building in the centre of Maidenhead, Berkshire for £10.25 million reflecting a net initial yield of 6.83%. The transaction has been funded using both the existing NatWest revolving credit facility and proceeds from the Company’s £30 million disposal strategy, which aims to generate capital…
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Palace Capital disposal strategy continues with Aldershot sale
LONDON, UK: Palace Capital (LON: PCA) announced that it has sold 24 Blackwater Way, Aldershot to a private property company for £2.44 million. Palace Capital (LON: PCA) is the Main Market property investment company that has a diversified portfolio of UK commercial real estate in carefully selected locations outside of London with a focus on…
Palace Capital continues disposal programme with Weybridge sale
LONDON, UK: Palace Capital, the property investment company that has a diversified portfolio of UK commercial real estate, has completed the sale of Bridge House, High Street in Weybridge, Surrey as part of its £30 million programme of non-core disposals. The asset is unencumbered and therefore the net proceeds of the £3.7 million sale, which…