By David Parsley2019-06-04T07:41:00
Palace Capital has posted a 1.6% fall in net asset value (NAV) for the year to the end of March and unveiled plans to convert to a REIT.
NAV dropped to £180.3m, from £183.3m last year, partly as a result of a reduction in the share price of regional office investor Circle Property. Palace Capital acquired a 5% stake in the company at the end of last year.
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