Business
PORTFOLIO VALUATION AS AT 31 MARCH 2026
Palace Capital plc announced that its property portfolio was independently valued at £31.3 million as of 31 March 2026, representing a like-for-like decrease of approximately 16% from the 30 September 2025 valuation. The value of office assets fell by around 11%, with St James Gate, Newcastle being the primary contributor to this deficit, while The Forum, Exeter is under offer reflecting that price. The leisure asset, Sol, Northampton, saw a significant decrease in value, falling by approximately 25% to £9.6 million from £12.8 million in September 2025, though this is comparable to its March 2025 valuation. The company also holds eight apartments at Hudson Quarter, York, valued at £2.95 million, with three under offer. Interim results including an unaudited Net Asset Value will be released on 11 June 2026. Disclaimer*
About this update from Palace Capital Plc
LEI:2138009JDFQOXJFCJQ05 16 April 2026 Palace Capital plc ("Palace Capital" or the "Company") PORTFOLIO VALUATION AS AT 31 MARCH 2026 As at 31 March 2026, the Company's portfolio has been independently valued by CBRE at £31.3 million, a like-for-like decrease of c. 16% on the 30 September 2025 valuation. The portfolio consists of four investment properties (Newcastle, Exeter, Leamington Spa and Northampton) and one residential property, together with a ground rent freehold interest (York). The value of the three office assets fell by c. 11%, with St James Gate, Newcastle accounting for most of the office portfolio valuation deficit. The Forum, Exeter is currently under offer and the valuation of that asset reflects the under-offer price, net of costs required to create vacant possession (necessary to complete the sale). The value of the remaining leisure asset, Sol, Northampton has fallen by c. 25% from £12.8 million as at 30 September 2025 to £9.6 million as at 31 March 2026. While the valuation decrease is significant, it is worth noting that Sol, Northampton was valued at £9.7 million as at 31 March 2025. As at 31 March 2026, the Company still owns eight apartments at Hudson Quarter, York, valued at £2.95 million. Of these eight apartments, three were under offer at the valuation date for net proceeds broadly in line with the valuation (one sale has since completed on 1 April 2026). The Company will release interim results for the period ended 31 March 2026 on 11 June 2026 which will include an unaudited NAV reflecting the updated portfolio valuation as at 31 March 2026. Enquiries: Palace Capital plc Christian Kappelhoff-Wulff, Non-Executive Chairman [email protected] Financial PR FTI Consulting Dido Laurimore / Andrew Davis Tel: +44 (0)20 3727 1000 [email protected] Broker Cavendish Matt Lewis, Head of Corporate Broking Tel: +44 (0)20 7397 1920 [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.
View stock analysis, news, and events for Palace Capital Plc