Palace Capital (Palace) invests in commercial real estate outside London, mainly through corporate acquisitions. Palace has more capital flexibility to reinvest in its portfolio than many REITs and has successfully provided capital growth plus a comparable yield by recycling capital and improving its properties through active asset management. Palace selects properties in good locations near public transport, typically with scope for physical improvement, possibly including redevelopment, change of use or active management. In this way it gains access to higher yields than are available in London, while providing tenants with good accommodation at reasonable rents, and investors with sustainable income and value growth.

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