GO AHEAD FOR HOLYHEAD WATERFRONT DEVELOPMENT

RNS Number : 8252E

Conygar Investment Company PLC(The)

06 June 2012

 



6 June 2012

THE CONYGAR INVESTMENT COMPANY PLC

 GO AHEAD FOR HOLYHEAD WATERFRONT DEVELOPMENT

The Conygar Investment Company PLC ("Conygar") is pleased to announce that Isle of Anglesey County Council has resolved to grant planning permission to its joint venture with Stena Line Ports Limited ("Stena Line"), Conygar Stena Line Limited, for its mixed-use marina development at Holyhead, Anglesey, Wales.

The main elements of the scheme include:

·    326 apartments and townhouses,

·    a 500 berth marina;

·    50,000 square feet of marine related retail, leisure, restaurants, hotel and office space, within a flexible design and in a prime location overlooking the marina.

·    Considerable provisions for various local amenities and visitor attractions with public access a key element of the project.

The new development will act as a catalyst to attract further investment into the Holyhead area whilst seeking to create a sustainable community providing benefits to both the town and wider area. It will also create significant employment and business opportunities during both construction and operational phases and bring back into use a number of historically important buildings and structures.

The overall concept is to develop the waterfront area to expand, enhance and rejuvenate Holyhead town in a sustainable manner by:

·    attracting more visitors to both Holyhead and Anglesey through enhancement of the area as a leisure and tourist destination;

·    regeneration of the area through continued investment by the renovation and reuse of the listed buildings and structures along the waterfront coastline;

·    improved public access, extension of the Promenade, enhanced public open space along Beach Road and the creation of a new beach east of the new breakwater and marine facility; and

·    working in partnership with established local businesses and other tourist attractions such as the Breakwater Country Park to provide wider benefits.

The resolution to grant planning permission is subject to a number of relevant planning conditions and the signing of a S.106 agreement.

Robert Ware, Chief Executive of Conygar, commented:           

"We are delighted that Isle of Anglesey County Council has resolved to grant planning permission for our marina development at Holyhead. It has been a massive effort by all concerned and this exciting and ambitious regeneration scheme which should bring significant benefits to the town and area can now move forward with confidence."

Michael McGrath, Area Director for Stena Line said:

"The proposed marina development at Holyhead is not only an important facility for the people of Holyhead and surrounding area but it also represents a significant opportunity to help drive future economic prosperity across the region with the provision of one of the most innovative mixed-use marinas in the UK." 

Enquiries:

The Conygar Investment Company PLC

Robert Ware: 020 7258 8670

Peter Batchelor: 020 7258 8670

Oriel Securities Limited (Nominated Adviser and Broker)

Michael Shaw: 020 7710 7600

Neil Langford: 020 7710 7600

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

 

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