DJ Ace Liberty & Stone PLC Property Transactions
RNS Number : 7476D
Ace Liberty & Stone PLC
02 May 2017
2 May 2017
Ace Liberty and Stone Plc
("Ace" or "the Company")
Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, is pleased to announce that the Company has completed the purchase of Grosvenor Casino, 35a - 39a George Street, Manchester for GBP4,000,000. The property is let to Grosvenor Casinos Limited, a subsidiary of the Rank Organisation, at an annual rental of GBP300,000.
The Company has also purchased the entire share capital of Lantana Properties Limited, a company registered in the British Virgin Islands and a single purpose vehicle which is the owner of Willow House, 23 Grosvenor Road, Aldershot for GBP1,050,000.
These purchases continue Ace's policy of expansion of the portfolio by purchase of quality commercial properties.
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For further information, please contact:
Ivan Minter Tel: +44 (0) 20 7201 8340 Ace Liberty & Stone Plc http://acelibertyandstone.com Jon Isaacs / Nick Michaels Tel: +44 (0) 20 7251 3762 Alfred Henry Corporate Finance www.alfredhenry.com Ltd, NEX Corporate Adviser Claire Noyce Tel: +44 (0)203 764 2341 Corporate Broker www.hybridan.com
For more information on the Company please visit www.acelibertyandstone.com
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
May 02, 2017 02:01 ET (06:01 GMT)