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DJ Ace Liberty & Stone PLC Property Transactions

TIDMALSP

RNS Number : 7476D

Ace Liberty & Stone PLC

02 May 2017

 
   2 May 2017 
 

Ace Liberty and Stone Plc

("Ace" or "the Company")

Property Transactions

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.

- Ends -

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

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May 02, 2017 02:01 ET (06:01 GMT)