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George Soros’s family office Soros Fund Management has disclosed a new stake in London listed property company, Palace Capital (LON: PCA).

Palace Capital recently raised £23.5m at a placing to buy a portfolio of commercial property assets in England and Wales from Quintain Estates. Quintain are refocusing on London and sold their outside of London assets to Palace.  

Soros’s Quantum Fund took part in the placement taking a 14.87% stake in Palace Capital. 

Per Google Finance – “Palace Capital plc, is a United Kingdom-based investment company. Its   principal activity of the Company is to invest in entities operating within the property sector. The   Company has made an investment in the property arena through its acquisition of Hockenhull   Estates Limited. The Company’s subsidiaries include Equalgold Limited and Hockenhull Estates   Limited. The Company owns the freehold interest in nine commercial properties located in Crewe   and Nantwich, Cheshire which are let under fourteen individual leases. The Company focuses on   the United Kingdom secondary property market outside of London. In October 2013, the Company  acquired Sequel Portfolio from Quintain Estates & Development PLC.”

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