TIDMALSP

RNS Number : 3016I

Ace Liberty & Stone PLC

14 December 2020

14 December 2020

ACE LIBERTY AND STONE PLC

("Ace" or "the Company")

PROPERTY TRANSACTIONS

Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, is pleased to update shareholders on the current positive state of the Company's business.

Further to the announcement made on 28 September 2020, the company has completed the purchase of 78 - 82 English Street & 49 - 53 Blackfriars Street, Carlisle at a value of GBP1,710,000. The principal tenant is Clydesdale Bank with sixteen years remaining on the lease. The rental income from the property is GBP131,000 p.a.

Ismail Ghandour, CEO, commented, "Adding this property to our portfolio further strengthens our reliable income stream in the current unsettled trading climate."

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, 
    AQSE Growth Market Corporate Adviser       Tel: +44 (0) 20 3772 0021 
   Jon Isaacs / Nick Michaels                 www.alfredhenry.com 
 
   SP Angel Corporate Finance LLP 
    Broker                                     Tel: +44 (0)20 3470 0470 
    Vadim Alexandre / Rob Rees                 www.spangel.co.uk 
 
 
   Belvedere Communications 
   John West / Llew Angus                     Tel: +44 (0) 20 3687 2756 
 
   ACF Equity Research 
   Christopher Nicholson / Amalia Barnoschi   Tel: +44 (0) 20 7558 8974 
                                              www.acfequityresearch.com

Notes to Editors

Ace Liberty & Stone Plc is a 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

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END

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(END) Dow Jones Newswires

December 14, 2020 02:00 ET (07:00 GMT)

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