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 £4,550,000. The property was purchased for £2,750,000 as announced on 10 November 2014.
On 26 January 2016 the Company announced the sale of Hume House, Leeds for £3,550,000 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 £188,000 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.
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For further information, please contact:
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Ace Liberty & Stone Plc
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Ivan Minter, Financial Director
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Tel: +44 (0) 20 7201 8340
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http://acelibertyandstone.com
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Alfred Henry Corporate Finance Ltd, NEX Exchange Corporate Adviser
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Jon Isaacs / Nick Michaels
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Tel: +44 (0) 20 7251 3762
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www.alfredhenry.com
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Hybridan LLP, Corporate Broker
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Claire Noyce / Darshan Patel
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Tel: +44 (0)203 764 2341
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www.hybridan.com
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For more information on the Company please visit www.acelibertyandstone.com