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Palace Capital plc unconditionally exchanged on the sale of its investment property at Broad Street Plaza, Halifax for £9.9 million at a 14.9% net initial yield, 8.7% ahead of its September 2025 valuation. The company also exchanged and completed on the sale of unit 3A, St. James' Gate, Newcastle for £0.59 million. These transactions follow the April 2025 announced disposal of Units 5&6b, Broad Street Plaza, Halifax, for £4.8 million to Calderdale and Huddersfield NHS Foundation Trust at a 7.5% net initial yield.
| Date | 9 Feb 2026 |
| Time | 07:00:06 |
| Category | Disposals |
| ID | 1431S |
9 February 2026
Palace Capital plc
("Palace Capital" or the "Company")
DISPOSAL UPDATE
The Company has unconditionally exchanged on the sale of its investment property at Broad Street Plaza, Halifax for £9.9 million at a 14.9.% net initial yield ("NIY"). The sale price is 8.7% ahead of the September 2025 valuation. Completion is expected in the next few weeks.
The Company announced in April 2025 the disposal of Units 5&6b, Broad Street Plaza, Halifax, on a long leasehold interest for £4.8 million to Calderdale and Huddersfield NHS Foundation Trust, at a 7.5% NIY. On completion of the disposal announced today, the Company will have disposed of all of its interests in Halifax.
The Company has also exchanged and completed on the sale of unit 3A, St. James' Gate, Newcastle for £0.59 million.
Further updates will be made in due course.
Palace Capital plc
Christian Kappelhoff-Wulff, Non-Executive Chairman
[email protected]
Financial PR
FTI Consulting
Dido Laurimore / Andrew Davies
Tel: +44 (0)20 3727 1000
[email protected]
This announcement contains inside information for the purposes of Article 7 of the UK version of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended.