22 December 2016
THE CONYGAR INVESTMENT COMPANY PLC
ACQUISITION OF 40 ACRE DEVELOPMENT SITE NEAR NOTTINGHAM STATION
The Conygar Investment Company PLC ("Conygar" or the "Company") announces the purchase of the Nottingham Island site, for £13.5 million including costs. This former Boots HQ is now a cleared development site of approximately 40 acres located within a short distance of Nottingham train station. The site represents an extremely interesting development opportunity with the potential for a mixture of office, residential and student housing accommodation. The site has a lapsed planning consent for a mixed-use scheme and the Company will provide a further update once a new planning application has been submitted.
Robert Ware, Chief Executive of Conygar, commented:
"We are delighted to have secured this exciting development opportunity which has not progressed for many years. Working with Nottingham City Council and several identified potential occupiers, we look forward to developing this site as soon as is practical."
The Conygar Investment Company PLC
Robert Ware / Ross McCaskill: 020 7258 8670
Liberum Capital Limited (Nominated Adviser and Broker)
Richard Bootle: 020 3100 2222
Temple Bar Advisory (Public Relations)
Alex Child-Villiers: 07795 425580
William Barker: 07827 960151