Palace Capital says interest in York development stronger than expected

Writer, Stock Market Wire
Friday, July 12, 2019 - 07:22

Property group Palace Capital said interest in its Hudson Quarter development in York had been stronger than expected, with 22 apartments now reserved and deposits paid.

The aggregate purchase price of those apartments was £5.8m.

The Hudson scheme was formally launched on 20 June, with an initial 20 apartments offered for sale.

'Interest has been stronger than expected, reflecting the quality of the product and the buoyancy of the York market,' the company said.

The launch of the second phase was currently under consideration.

Construction was also on time and on budget, with completion expected in early 2021.

Related content

Palace Capital secures £40m credit facility

Property investor Palace Capital said it had secured a new secured £40m revolving credit facility from NatWest with a maturity of five years.

The new...

Wed, 07/08/2019 - 08:00

Broker Forecast - Numis issues a broker note on Palace Capital PLC

Numis today initiates coverage of Palace Capital PLC (LON:PCA) with a buy investment rating and price target of 350p.

Broker Forecasts data provided by ...

Wed, 05/06/2019 - 09:10

Palace Capital holds dividend steady as profit slips

Property investor Palace Capital said its annual profit more than halved in its first full year as a listed company.

Pre-tax profit for the year...

Tue, 04/06/2019 - 07:51

Palace Capital surrenders lease in Birmingham

Palace Capital said it had contractually agreed the surrender of the occupational lease at Priory House, Gooch Street North, in Birmingham.

The tenant, Forensic Archive,...

Tue, 07/05/2019 - 07:57

Palace Capital inks 15-year lease agreement with Soo Yoga

Property investor Palace Capital said it had sealed a 15-year lease agreement with Soo Yoga Group at its Sol Northampton leisure scheme.

The agreement, for...

Tue, 19/02/2019 - 08:07