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DJ Ace Liberty & Stone PLC Statement re property transaction

TIDMALSP

RNS Number : 5362G

Ace Liberty & Stone PLC

02 March 2018

 
   2 March 2018 
 

Ace Liberty and Stone Plc

("Ace" or "the Company")

Property transactions

The directors of Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, are delighted to confirm that further to the announcement on 28 January 2018 the purchase of the freehold property at Worth Bridge Road, Keighley, at a price of GBP4,750,000, has now completed.

The property comprises a three-storey office building totalling 26,932 sq ft with significant parking. The entire property is let to Kone plc at an annual rent of GBP383,000.

The Directors accept responsibility for this announcement.

- Ends -

For further information, please contact:

 
 Ace Liberty & Stone Plc 
 Ivan Minter, Financial Director            Tel: +44 (0) 20 7201 
                                                            8340 
                                   http://acelibertyandstone.com 
 Alfred Henry Corporate Finance 
  Ltd, NEX Exchange Corporate 
  Adviser 
 Jon Isaacs / Nick Michaels                 Tel: +44 (0) 20 3772 
                                                            0021 
                                             www.alfredhenry.com 
 
 

Notes to Editors

Ace Liberty & Stone Plc is a London-based property investment company with a diverse portfolio of properties located across the UK, currently including Leeds, Sunderland, Plymouth, Dudley, Gateshead, Barnstaple, and London. The Company locates commercial and residential properties which have the potential for an increase in value through creative asset management activity, such as change of tenancy, change of use or new lease negotiation. Ace has maintained a track record of generating strong profits at disposal of properties and achieving better-than average returns on capital. With strong support from shareholders and mortgage lenders, the Company is currently seeking further investment opportunities in the UK to create value for existing and new investors.

Ace is run by a board with extensive property experience, an excellent network of contacts and relevant professional qualifications. This sector expertise has allowed the Board to identify opportunities and act promptly to secure investments.

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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March 02, 2018 06:05 ET (11:05 GMT)