Ace Liberty & Stone PLC Property transactions (4318X)
22 February 2017 - 6:01PM
UK Regulatory
TIDMALSP
RNS Number : 4318X
Ace Liberty & Stone PLC
22 February 2017
22 February 2017
Ace Liberty and Stone Plc
("Ace" or "the Company")
Property Transactions
Ace Liberty and Stone Plc (NEX: ALSP), the active property
investment company, capitalising on commercial property investment
opportunities across the UK, is pleased to announce that the
Company has completed the sale of Bridge House, Luton for
GBP4,550,000. The property was purchased for GBP2,750,000 as
announced on 10 November 2014.
On 26 January 2016 the Company announced the sale of Hume House,
Leeds for GBP3,550,000 with completion in December 2016.
Subsequently the purchaser has been unable to complete the purchase
and therefore the Company retains ownership of the property and
receipt of the rental income of GBP188,000 p.a. Ace remains
convinced the current market will provide an opportunity to sell
the property in the near future and a further announcement will be
made at the appropriate time.
- Ends -
For further information, please contact:
Ace Liberty & Stone Plc
Ivan Minter, Financial Director Tel: +44 (0) 20 7201 8340
http://acelibertyandstone.com
Alfred Henry Corporate Finance Ltd,
NEX Exchange Corporate Adviser
Jon Isaacs / Nick Michaels Tel: +44 (0) 20 7251 3762
www.alfredhenry.com
Hybridan LLP, Corporate Broker
Claire Noyce / Darshan Patel Tel: +44 (0)203 764 2341
www.hybridan.com
For more information on the Company please visit
www.acelibertyandstone.com
This information is provided by RNS
The company news service from the London Stock Exchange
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