Planning Consent Achieved at Haverfordwest

RNS Number : 1583N

Conygar Investment Company PLC(The)

04 September 2013

 

4 September 2013

THE CONYGAR INVESTMENT COMPANY PLC

PLANNING CONSENT ACHIEVED AT HAVERFORDWEST

The Conygar Investment Company PLC (Conygar), the property investment and development group, is pleased to announce that it has obtained a resolution to grant planning permission for its development at Haverfordwest, Pembrokeshire. Pembrokeshire County Council (PCC) resolved to grant permission for 729 residential properties and a 60,000 square foot Sainsbury's retail food store with car park and petrol filling station. The application also includes land for a school and public open space. The permission will be formally granted upon the signing of a S.106 agreement, the principles of which have already been agreed with PCC.

Conygar will now work with Sainsbury's towards satisfying all outstanding conditions in their conditional sale agreement after such time development can commence. Further details will be released once the agreement has gone unconditional.

Robert Ware, Chief Executive of Conygar commented: "We are delighted at the decision of the planning committee which follows a long period of consultation with the various stakeholders in the area. This will enable us to bring an excellent new store to the town which at the same time provides a catalyst to residential development at the site."

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

 

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