POSTED ON 03 OCT 2013 PALACE CAPITAL RETURNS

AIM-listed investment company Palace Capital should attract good support when it returns from suspension tomorrow. Backed by property entrepreneur Andrew Perloff and chaired by entrepreneur Stanley Davis, it has acquired a property portfolio from Quintain Estates for £39.25m, with a yield of 13.2pc. It had been valued at £44.2m. Palace has raised £23.5m via a placing with new and existing shareholders.

By | 2018-03-30T07:45:21+00:00 October 3rd, 2013|News|0 Comments