Company has six investment properties remaining as it winds down
REIT sells assets in Manchester and Fareham
Palace Capital founder sees opportunity for snapping up distressed assets
REIT says it will soon hold just six properties valued at £54.4m
The block has changed hands for £8.75m, in line with the 31 March book value
Disposal strategy gives company “substantial” net cash position
More Acquisitions issues first update since ex-Palace Capital co-founders backed cash shell
Eighteen months after leaving Palace Capital, its co-founder is back with a fourth business launch
Firm’s gross debt now stands at £8.3m
Neil Sinclair says new vehicle will have “same ambitions” as former firm
Matthew Simpson says “timing is right” as shrinking REIT says it no longer needs skills of his level
The £9.6m sale of a Maidenhead office leaves it with £20.2m debt and £20.1m cash