Palace Capital - Positive reinvestment of residential proceeds

Edison Investment Research - Property - Palace Capital: 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 for future growth.

ISIN: GB00BF5SGF06

Den vollständigen Artikel lesen ...