Conygar Investment Company PLC(The) Disposal (9047W)
November 20 2017 - 2:00AM
UK Regulatory
TIDMCIC
RNS Number : 9047W
Conygar Investment Company PLC(The)
20 November 2017
20 November 2017
The Conygar Investment Company PLC
Disposal of M&S Food Hall at Ashby-de-la-Zouch
The Conygar Investment Company PLC ("Conygar" or the "Company")
is pleased to announce that it has recently completed the
construction of its Marks and Spencer Food Hall investment at
Nottingham Road, Ashby-de-la-Zouch and the lease has commenced.
Although it was Conygar's intention to hold the asset for
long-term income, the Company simultaneously exchanged and
completed the sale of this building for GBP4.35 million on Friday
17 November 2017.
Robert Ware, Chief Executive of Conygar, said: "We are delighted
to have been able to take advantage of the strong market we are
seeing for regional assets with long-term income streams let to
strong covenants. The funds generated by this disposal will be
recycled within the group and used elsewhere in our investment and
development pipeline."
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
This information is provided by RNS
The company news service from the London Stock Exchange
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