Disposal to Marston's at Martello Quays

RNS Number : 7154E

Conygar Investment Company PLC(The)

15 May 2013

 

For immediate release

15 May 2013

THE CONYGAR INVESTMENT COMPANY PLC

DISPOSAL TO MARSTON'S AT MARTELLO QUAYS, PEMBROKE DOCK

The Conygar Investment Company PLC (Conygar), the property investment and development group, is pleased to announce that contracts have been exchanged with Marston's Property Developments Limited (Marston's) for the sale of 0.7 acres for a public house.

The new Marston's family pub and restaurant will be built as part of Conygar's Martello Quays development at Pembroke Dock, Pembrokeshire, after planning consent has been obtained and other site-related conditions satisfied.

Marston's intends to submit this planning application as soon as possible for a 150-seat public house and restaurant, suitable for families and local residents.

Conygar believes the potential arrival of Marston's, one of the UK's leading independent pub operators and brewers, will widen the offer in the locality and significantly be the first step in its development in Pembroke Dock.

Robert Ware, Chief Executive of Conygar commented: "We are delighted to be bringing Marston's to the first phase of our development at Martello Quays. We look forward to bringing other commercial operators to the rest of the site in the coming months."

Adds Steve Roberts, Head of Acquisitions at Marston's: "Marston's is committed to providing new, quality pub-restaurants across the UK and is delighted to be working with Conygar at the Pembroke Dock site. Our new pubs create significant levels of employment and offer real hubs for  locals and visitors to the area to dine, meet and socialise."

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

 

END

 

 

MSCEAKSLFEKDEFF