RNS Number : 2180A

Ace Liberty & Stone PLC

28 September 2020

28 September 2020

ACE LIBERTY AND STONE PLC

(''Ace'' or "the Company'')

PROPERTY TRANSACTIONS

Ace Liberty and Stone Plc (AQSE: ALSP), the active property investment company, capitalising on commercial property investment opportunities across the UK, is pleased to update shareholders on the current positive state of the Company's business.

The Company has completed the freehold acquisition of 16 - 17 Westborough, Scarborough at a value of £1,430,000 with the benefit of a secured loan from Coutts & Co of £625,000. The tenant of the property is Skipton Building Society with a remaining term of ten years on the lease. The passing rent is £131,000 p.a.

The company has also exchanged contracts for the irrevocable acquisition of 78 - 82 English Street & 49 - 53 Blackfriars Street, Carlisle at a value of £1,710,000. The principle tenant is Clydesdale Bank with sixteen years remaining on the lease. The rental income from the property is £131,000 p.a.

Ismail Ghandour, CEO, commented, "These two acquisitions further enhance our already solid portfolio with long term income from two highly-regarded financial institutions. This is very welcome in the current uncertain economic climate"

The Directors accept responsibility for this announcement.

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For further information, please contact:

Ace Liberty & Stone Plc
Ivan Minter, Financial Director	Tel: +44 (0) 20 7201 8340
	http://acelibertyandstone.com
Alfred Henry Corporate Finance Ltd, AQSE Growth Market Corporate Adviser	Tel: +44 (0) 20 3772 0021
Jon Isaacs / Nick Michaels	www.alfredhenry.com
SP Angel Corporate Finance LLP Broker Abigail Wayne / Rob Rees	Tel: +44 (0)20 3470 0470 www.spangel.co.uk
Belvedere Communications
John West / Llew Angus	Tel: +44 (0) 20 3687 2756
ACF Equity Research
Christopher Nicholson / Amalia Barnoschi	Tel: +44 (0) 20 7558 8974
	www.acfequityresearch.com

Notes to Editors

Ace Liberty & Stone Plc is a property investment company with a diverse portfolio of properties located across the UK, currently including Leeds, Sunderland, Plymouth, Dudley, Gateshead, Barnstaple, and London. The Company locates commercial and residential properties which have the potential for an increase in value through creative asset management activity, such as change of tenancy, change of use or new lease negotiation.  Ace has maintained a track record of generating strong profits at disposal of properties and achieving better-than average returns on capital. With strong support from shareholders and mortgage lenders, the Company is currently seeking further investment opportunities in the UK to create value for existing and new investors.

Ace is run by a Board with extensive property experience, an excellent network of contacts and relevant professional qualifications. This sector expertise has allowed the Board to identify opportunities and act promptly to secure investments.

For more information on the Company please visit www.acelibertyandstone.com

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