ACQUISITION OF LAND AT PARC CYBI, ANGLESEY

RNS Number : 9567F

Conygar Investment Company PLC(The)

31 May 2013

 



For immediate release

31 May 2013

THE CONYGAR INVESTMENT COMPANY PLC

ACQUISITION OF LAND AT PARC CYBI, ANGLESEY

The Conygar Investment Company PLC (Conygar or the Company), the property investment and development group, is pleased to announce that it has entered into an agreement with the Welsh Government for the grant of a 999 year lease over 14 developable acres at Parc Cybi, Anglesey for a truck stop, logistics depot and service units. The lease is conditional upon obtaining satisfactory planning consent. Parc Cybi is a strategic employment and industrial development site for North West Wales, facilitated by the Welsh Government and designated as a qualifying site within the Anglesey Enterprise Zone.

Conygar submitted a planning application for a 168 space truck stop with associated amenities in December last year and is hopeful that it will be granted a favourable consent in the near future so that the development can proceed.

The Company has also exercised its option to acquire a further 12 acres of land at Parc Cybi upon which it has already obtained planning consent for 110,000 sq ft of distribution warehousing and 30,000 sq ft of offices. It is intended to move forward with this development once a suitable occupier has been found.

Robert Ware, Chief Executive of Conygar commented: "Our commitment in making this investment underlines our confidence in Parc Cybi being an integral part of the infrastructure which is needed both to support the port of Holyhead and the development of the Wylfa B nuclear power station.

We look forward to working closely with the Welsh Government to bring these developments to fruition."

Enquiries:

The Conygar Investment Company PLC

Robert Ware/Peter Batchelor: 020 7258 8670

Liberum Capital Limited (Nominated Adviser and Broker)

Chris Bowman/Richard Bootle: 020 3100 2222

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

 

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