Ace Liberty & Stone - Property transactions
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 £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:

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
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