Palace Capital plc (LON:PCA) is the topic of conversation when Mike Foster, Analyst at Hardman & Co joins DirectorsTalk. Mike explains what the company invests in as a REIT, how it has performed, provides a bigger view on strategy, development and risks.
Palace Capital is a property investment company with a premium listing on the Main Market of the London Stock Exchange. It is a UK REIT with a c. £275 million diversified portfolio of UK regional commercial property. The Company maintains a disciplined investment strategy focused on towns and cities outside of London that are characterised by thriving local economies and strengthening fundamentals. Within those locations, the highly experienced management team selects assets that provide opportunity to drive both capital value and long-term rental income through tailored active asset management programmes, ultimately delivering attractive shareholder returns.
