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.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts