Property investment firm signs £26.5m facility to deliver new mixed-use development
Palace Capital, the Main Market-listed property investment company, has signed a £26.5m banking facility to help deliver a mixed-use development in York.
Through its subsidiary Palace Capital (Developments), Palace Capital secured the new loan facility with Barclays Bank.
The facility will be used to part finance the mixed-use development of Hudson Quarter in York, which comprises 127 residential apartments, 34,500 sq ft of offices, 5,000 sq ft of commercial space and car parking in central York.
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