TIDMALSP

RNS Number : 4318X

Ace Liberty & Stone PLC

22 February 2017

22 February 2017

Ace Liberty and Stone Plc

("Ace" or "the Company")

Property Transactions

Ace Liberty and Stone Plc (NEX: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, is pleased to announce that the Company has completed the sale of Bridge House, Luton for GBP4,550,000. The property was purchased for GBP2,750,000 as announced on 10 November 2014.

On 26 January 2016 the Company announced the sale of Hume House, Leeds for GBP3,550,000 with completion in December 2016. Subsequently the purchaser has been unable to complete the purchase and therefore the Company retains ownership of the property and receipt of the rental income of GBP188,000 p.a. Ace remains convinced the current market will provide an opportunity to sell the property in the near future and a further announcement will be made at the appropriate time.

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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 7251 3762 
                                                 www.alfredhenry.com 
 Hybridan LLP, Corporate Broker 
 Claire Noyce / Darshan Patel               Tel: +44 (0)203 764 2341 
                                                    www.hybridan.com 
 

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

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February 22, 2017 02:01 ET (07:01 GMT)