Business
Property Transaction
Property Transaction.
About this update from Ace Liberty & Stone Plc
[{"type":"text","content":"\n\nACE LIBERTY AND STONE PLC\n \n(''Ace'' or \"the Company'')\n \nProperty Transaction\n \nAce 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.\n \nThe company completed the acquisition of Egerton Park service station, Leicester Road, Melton Mowbray on 5th July 2023, following exchange on the 19th April 2023, for a consideration of £2,744,852. 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 £181,025 with a fixed increase to £204,814 in September 2023.\n \nThis acquisition follows the previously announced acquisition of Loders Service Station, The Grove, Dorchester, which completed on 1st February 2023.\n \nIsmail 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.\"\n \nThe Directors accept responsibility for this announcement.\n \n- ends -\n \nFor further information, please contact:\n\n\n\n \n\n\n\n\n\n\n\nAce Liberty & Stone Plc\n\n\n\n\n\n\n\nLaura Yates, Finance Director\n\n\nTel: +44 (0) 20 7201 8340\n\n\n\n\n\n\n\nhttp://acelibertyandstone.com\n\n\n\n\nAlfred Henry Corporate Finance Ltd,\nAQSE Exchange Corporate Adviser\n\n\n\n\n\n\n\nNick Michaels\n\n\nTel: +44 (0) 20 3772 0021\n\n\n\n\n\n\n\nwww.alfredhenry.com\n\n\n\n\n\n\n\n\n\n\n\n\nSP Angel Corporate Finance LLP\nBroker\n\n\n\n\n\n\n\nVadim Alexandre / Rob Rees\n\n\nTel: +44 (0)20 3470 0470\nwww.spangel.co.uk \n\n\n\n \nNotes to Editors\n \nAce 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 negot...