Acquisition of Nottingham development site

RNS Number : 6337S

Conygar Investment Company PLC(The)

22 December 2016

 

 22 December 2016

THE CONYGAR INVESTMENT COMPANY PLC

ACQUISITION OF 40 ACRE DEVELOPMENT SITE NEAR NOTTINGHAM STATION

The Conygar Investment Company PLC ("Conygar" or the "Company") announces the purchase of the Nottingham Island site, for £13.5 million including costs.  This former Boots HQ is now a cleared development site of approximately 40 acres located within a short distance of Nottingham train station. The site represents an extremely interesting development opportunity with the potential for a mixture of office, residential and student housing accommodation.  The site has a lapsed planning consent for a mixed-use scheme and the Company will provide a further update once a new planning application has been submitted.

Robert Ware, Chief Executive of Conygar, commented:

"We are delighted to have secured this exciting development opportunity which has not progressed for many years. Working with Nottingham City Council and several identified potential occupiers, we look forward to developing this site as soon as is practical."

Enquiries:

The Conygar Investment Company PLC

Robert Ware / Ross McCaskill: 020 7258 8670 

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Bootle: 020 3100 2222 

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

William Barker: 07827 960151

 

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