Disposal

RNS Number : 9047W

Conygar Investment Company PLC(The)

20 November 2017

 

20 November 2017

The Conygar Investment Company PLC

Disposal of M&S Food Hall at Ashby-de-la-Zouch

The Conygar Investment Company PLC ("Conygar" or the "Company") is pleased to announce that it has recently completed the construction of its Marks and Spencer Food Hall investment at Nottingham Road, Ashby-de-la-Zouch and the lease has commenced.

Although it was Conygar's intention to hold the asset for long-term income, the Company simultaneously exchanged and completed the sale of this building for £4.35 million on Friday 17 November 2017.

Robert Ware, Chief Executive of Conygar, said: "We are delighted to have been able to take advantage of the strong market we are seeing for regional assets with long-term income streams let to strong covenants. The funds generated by this disposal will be recycled within the group and used elsewhere in our investment and development pipeline."

Enquiries:

The Conygar Investment Company PLC

Robert Ware/Ross McCaskill: 020 7258 8670

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Bootle/Henry Freeman: 020 3100 2222

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580 

 

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