Lease agreement

RNS Number : 2105Y

Conygar Investment Company PLC(The)

04 December 2017

 

For immediate release

4 December 2017

THE CONYGAR INVESTMENT COMPANY PLC

LEASE AGREEMENT WITH B&M RETAIL IN ASHBY-DE-LA-ZOUCH

The Conygar Investment Company PLC ("Conygar"), the property investment and development group, is pleased to announce that, on Friday 1 December 2017, it exchanged a lease agreement with B&M Retail Ltd ("B&M") to construct a 20,000 square foot store with an additional 7,500 square foot garden centre and 79 car parking spaces at its site in Ashby-de-la-Zouch. The lease and construction of the store are conditional on planning approval and the planning application for this development will be submitted in the New Year. The development will occupy the remaining two acres of the site after the construction of the M&S Food Hall which was recently completed.

Robert Ware, Chief Executive of Conygar said: "B&M is a strong national chain that will provide a valuable boost to the locality and we are therefore delighted to have agreed terms and are keen to start construction as soon as possible."

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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