Palace Capital Sees High Reservation Rate At York Property Scheme

(Alliance News) - Palace Capital PLC said on Friday that 22 apartments in its Hudson Quarter ...

Alliance News 12 July, 2019 | 2:16PM
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(Alliance News) - Palace Capital PLC said on Friday that 22 apartments in its Hudson Quarter development in York, England, have been reserved for purchase.

The property investor said the 22 apartments, which have a total purchase price of GBP5.8 million, have all been reserved with deposits paid.

The company initially offered 20 apartments for sale in June but said the "quality of the product and the buoyancy of the York market" led to the increased interest.

Palace Capital have begun the second phase of the development's construction process and still expect the scheme to be completed in time and under budget in early 2021.

Shares in the company were up 0.7% at 284.45 pence each in London on Friday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Palace Capital PLC 279.00 GBX 0.36 -
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