16th Dec 2016 09:33
LONDON (Alliance News) - Commercial property investor Palace Capital PLC on Friday said it has signed a lease extension with Rockwell Automation Inc for a site in Maldon in Essex.
Rockwell, a US industrial automation products maker, has agreed to extend its lease covering 75,000 square foot of office space at the ICS Buildings in Maldon at a rent of GBP375,000 per year for ten years to June 2027.
"We are delighted to have concluded this transaction with Rockwell Automation, which is also a tenant in two of our office buildings in Milton Keynes," said Palace Chief Executive Neil Sinclair.
Palace shares were untraded on Friday morning, having last traded at 361.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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