Palace Capital says interest in York development stronger than expected

Writer,

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 signs up Knights to occupy York office in 'record' deal

Property investor Palace Capital said it had set a record office rent in York city in the UK with the completion of a pre-let agreement...

Mon, 10/02/2020 - 07:32


Palace Capital completes sale of office asset in Birmingham

Palace Capital said it had surrendered its short leasehold interest at Priory House in Digbeth, Birmingham for a nominal sum of £25k.

The company said...

Mon, 09/12/2019 - 07:45


Palace Capital holds dividend steady as underlying performance improves

Property investor Palace Capital booked a lower first-half profit due to lower revaluation gains, though its underlying performance improved.

Net profit for the six months...

Tue, 19/11/2019 - 09:58


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