Palace Capital takes stake in Circle

By Guy Montague-Jones2018-11-23T00:00:00

Palace Capital has acquired a 5% stake in fellow listed property company Circle Property.

Palace’s chief executive, property veteran Neil Sinclair, told Property Week that it had decided to invest in Circle, which has a market cap of about £56m, because “the shares were cheap” and Circle had a similar focus on regional commercial property to Palace.

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