Ace Liberty & Stone PLC Property Transaction (7311G)
21 Julio 2023 - 1:00AM
UK Regulatory
TIDMALSP
RNS Number : 7311G
Ace Liberty & Stone PLC
21 July 2023
ACE LIBERTY AND STONE PLC
("Ace" or "the Company")
Property Transaction
Ace Liberty and Stone Plc (AQSE: ALSP), the active property
investment company, capitalising on commercial property investment
opportunities across the UK, is pleased to announce the following
property transaction.
The company completed the acquisition of Egerton Park service
station, Leicester Road, Melton Mowbray on 5(th) July 2023,
following exchange on the 19(th) April 2023, for a consideration of
GBP2,744,852. The property comprises a BP branded forecourt with a
M&S branded convenience store. There is over ten years
remaining on the lease with expiry in September 2033. The current
annual rental income is GBP181,025 with a fixed increase to
GBP204,814 in September 2023.
This acquisition follows the previously announced acquisition of
Loders Service Station, The Grove, Dorchester, which completed on
1(st) February 2023.
Ismail Ghandour, CEO, commented, "The acquisition of Melton
Mowbray and Dorchester further strengthens our portfolio and is
consistent with our strategy of developing a diverse portfolio of
assets with long-term secure income."
The Directors accept responsibility for this announcement.
- ends -
For further information, please contact:
Ace Liberty & Stone Plc
Laura Yates, Finance Director Tel: +44 (0) 20 7201 8340
http://acelibertyandstone.com
Alfred Henry Corporate Finance
Ltd,
AQSE Exchange Corporate Adviser
Nick Michaels Tel: +44 (0) 20 3772 0021
www.alfredhenry.com
SP Angel Corporate Finance LLP
Broker
Vadim Alexandre / Rob Rees Tel: +44 (0)20 3470 0470
www.spangel.co.uk
Notes to Editors
Ace Liberty & Stone Plc is a property investment company
with a diverse portfolio of properties located across the UK ,
predominantly in the midlands and north of England, which are now
the focus of Government incentives. The Company locates commercial
properties which have creditworthy tenants, several years' rental
income and 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
to deploy its strong balance sheet and is 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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