Ace Liberty & Stone Plc
LSE : ALSP

June 18, 2008 08:16 ET

Property Acquisition

ACE LIBERTY & STONE PLC
PROPERTY ACQUISTION


The  Directors of Ace Liberty & Stone Plc ("the Company") are pleased to announce that contracts have  been
exchanged  for the purchase of a substantial un-modernised residential building in a well regarded  Chelsea
location just off The King's Road, SW3 at a price of GBP1,638,000. Mortgage finance will be arranged prior to
completion in two months. The directors believe this is an excellent opportunity for the Company to realise
the  freehold building's potential for a substantial uplift in value following refurbishment and  continues
their policy of making strategic investments in properties with profit potential.


The Directors of the Issuer accept responsibility for the contents of this announcement.


FOR FURTHER INFORMATION PLEASE CONTACT:

Ivan Minter, Director
Ace Liberty & Stone Plc
Tel: 01992 651531

Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel: 020 7251 3762
        

Contact Information

  • Ace Liberty & Stone Plc