Ace Liberty & Stone - Sale of Ace (Sloane) Limited
RNS Number : 6117P
Ace Liberty & Stone PLC
21 November 2016
 

 

 

 

Press Release

21 November 2016

 

 

Ace Liberty and Stone Plc

 

(''Ace'' or "the Company'')

 

Sale of Ace (Sloane) Limited

                                      

 

Ace Liberty and Stone Plc (ISDX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, today announces that in 2016 Daniel Waylett, a shareholder, agreed to purchase the entire share capital of Ace (Sloane) Limited, the 100% subsidiary of the Company, which owns Colebrook Court, Sloane Avenue.

 

The consideration totalled £1,553,000 for the disposal. The purchase of Colebrook Court was announced on 17 April 2016 for £1,500,000 in issue of new shares. The sale will release cash for further investment in new commercial properties.

 

 

 

- 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, ISDX 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

Media enquiries:

Abchurch

 

Julian Bosdet / Rebecca Clube

Tel: +44 (0) 20 7398 7700

als@abchurch-group.com

www.abchurch-group.com

 

 

Notes to Editors

 

Ace Liberty & Stone Plc is a London-based property investment company with a diverse portfolio of properties located across the UK, currently including Leeds, Sunderland, Plymouth, Dudley, Gateshead Tyne and Wear, and London. The Company locates commercial and residential properties which have the potential for an increase in value through creative asset management activity, such as change of tenancy, change of use or new lease negotiation.  Ace has maintained a track record of generating strong profits at disposal of properties and achieving better-than average returns on capital. With strong support from shareholders and mortgage lenders, the Company is currently seeking further investment opportunities in the UK to create value for existing and new investors.

 

Ace is run by a board with extensive property experience, an excellent network of contacts and relevant professional qualifications. This sector expertise has allowed the Board to identify opportunities and act promptly to secure investments.

 

For more information on the Company please visit: http://acelibertyandstone.com/ 

 

 

 


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