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.


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