Ace Liberty & Stone - Property Transactions London Stock Exchange
RNS Number : 7476D
Ace Liberty & Stone PLC
02 May 2017
 

 

 

 


2 May 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 purchase of Grosvenor Casino, 35a - 39a George Street, Manchester for £4,000,000. The property is let to Grosvenor Casinos Limited, a subsidiary of the Rank Organisation, at an annual rental of £300,000.

 

The Company has also purchased the entire share capital of Lantana Properties Limited, a company registered in the British Virgin Islands and a single purpose vehicle which is the owner of Willow House, 23 Grosvenor Road, Aldershot for £1,050,000.

 

These purchases continue Ace's policy of expansion of the portfolio by purchase of quality commercial properties.

 

 

 

- Ends -

 

 For further information, please contact:



Ivan Minter

Tel: +44 (0)  20 7201 8340

Ace Liberty & Stone Plc

http://acelibertyandstone.com



Jon Isaacs / Nick Michaels

Tel: +44 (0) 20 7251 3762

Alfred Henry Corporate Finance Ltd, NEX Corporate Adviser

www.alfredhenry.com


 

Claire Noyce 

Tel: +44 (0)203 764 2341

Corporate Broker

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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