Palace Capital (GB:PCA) has released an update.
Palace Capital has conditionally agreed to sell its subsidiary, which owns Boulton House in Manchester, to The James (M1 Living) Limited for £8.75 million, in line with its March 2024 valuation but slightly below its September 2023 value. This sale is part of the company’s strategic disposals and the proceeds are intended to be returned to shareholders. The completion of this deal is expected in 12 weeks.
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