StockMarketWire.com - Palace Capital said it had surrendered its short leasehold interest at Priory House in Digbeth, Birmingham for a nominal sum of £25k.

The company said the disposal would save it around £170k a year.

The leasehold was acquired as part of the Sequel portfolio acquisition in October 2013.

In May, Palace Capital said it had accepted the surrender of the lease held by Forensic Archive for a payment of £2.85m.

It had received £2.88m, less seven months holding costs of £99k, and had disposed of its entire interest for £2.78m, or 25% above the asset's £2.1m book value.




Story provided by StockMarketWire.com