Lease agreement

RNS Number : 6379Z

Conygar Investment Company PLC(The)

04 September 2018

 

For immediate release

4 September 2018

THE CONYGAR INVESTMENT COMPANY PLC

CROSS HANDS LEASE AGREEMENT WITH LIDL

The Conygar Investment Company PLC ("Conygar") announces that it has exchanged a lease agreement with Lidl UK GmbH ("Lidl"), at its Cross Hands retail park, to construct a 23,000 square foot store for their occupation. A planning application to vary the existing consent for a food store will be submitted immediately. Conygar expect to commence construction during the autumn with a target completion date in April 2019.

Once Lidl is operating, approximately 80,000 square foot of the park will be income generating, leaving just 15,000 square feet of constructed space available to let and 0.75 acres available for future construction.

Robert Ware, Chief Executive of Conygar, commented: "We are delighted that Lidl has leased space at the dynamic Cross Hands site, alongside other leading brands like B&M Retail Ltd, Costa Coffee Ltd, David Jenkins Ltd, Dominos PLC, Iceland Foods Ltd, Peacocks Stores Ltd and Pets at Home Ltd. This lease agreement is consistent with our aim to have the site fully operational by Spring 2019."

Enquiries:

The Conygar Investment Company PLC

Robert Ware: 020 7258 8670

Ross McCaskill: 020 7258 8670

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Bootle: 020 3100 2222

Henry Freeman: 020 3100 2222

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

Will Barker: 020 7002 1080 

This announcement is released by The Conygar Investment Company PLC and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Ross McCaskill, Finance Director.

 

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