Disposal Update
Palace Capital plc has exchanged contracts for the sale of its investment property at Broad Street Plaza, Halifax, for £9.9 million, which is 8.7% above its September 2025 valuation and represents a 14.9% net initial yield, with completion expected shortly, marking the disposal of all its Halifax interests following a prior £4.8 million sale of Units 5&6b. Additionally, the company has completed the sale of unit 3A, St. James' Gate, Newcastle, for £0.59 million.
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The Company has unconditionally exchanged on the sale of its investment property at Broad Street Plaza, Halifax for £9.9 million at a 14.9.% net initial yield ("NIY"). The sale price is 8.7% ahead of the September 2025 valuation. Completion is expected in the next few weeks.
The Company announced in April 2025 the disposal of Units 5&6b, Broad Street Plaza, Halifax, on a long leasehold interest for £4.8 million to Calderdale and Huddersfield NHS Foundation Trust, at a 7.5% NIY. On completion of the disposal announced today, the Company will have disposed of all of its interests in Halifax.
The Company has also exchanged and completed on the sale of unit 3A, St. James' Gate, Newcastle for £0.59 million.
Further updates will be made in due course.
Palace Capital plc
Christian Kappelhoff-Wulff, Non-Executive Chairman
Financial PR
FTI Consulting
Dido Laurimore / Andrew Davies
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.