Conygar Investment Company PLC
Conygar Investment Company PLC

Conygar Investment Company PLC share price, company news, analysis and interviews

Conygar Investment Company plc (LON: CIC) aims to invest in property assets where they can add significant value using their property management, development and transaction structuring skills.

The Board currently comprises the Chief Executive, two Property Directors and two independent Non-Executive Directors of which one is Chairman. These demonstrate a range of experience and sufficient calibre to bring independent judgement on issues of strategy, performance, resources and standards of conduct which are vital to the success of the Company.

Conygar Investment Company

PORTFOLIO

Nottingham, The Island Quarter

Conygar acquired the 37 acre Island Quarter site in Nottingham City Centre in December 2016. The site was formerly the headquarters and laboratories of Boots, the chemists, and has been mostly vacant for over 25 years. An outline planning application was submitted in June 2018 and the resolution to grant planning permission for the mixed use scheme was granted by Nottingham City Council in April 2019.

Cross Hands, Carmarthenshire

Cross Hands is a recently constructed 100,000 square foot retail park in South West Wales.

The current tenants are Lidl UK GmbH , B & M Retail Limited , Iceland Foods Limited, Pets at Home Limited, Peacocks Stores Limited, Shoe Zone Limited, Costa Coffee, Jenkins Bakery and Dominos. A Burger King drive through restaurant is currently under construction and will be finished in the summer of 2020.

Haverfordwest, Pembrokeshire

Haverfordwest in Pembrokeshire is a development site with outline consent for 729 residential units and an implemented consent for 90,000 square foot of A1 retail.

Reserved matters consent was received in September 2019 for the first phase of 115 houses.

Holyhead, Anglesey

The Holyhead Waterfront scheme in Anglesey has outline consent for 325 houses, a hotel and 40,000 square foot of retail space.

We continue to work on the detailed design and reserved matters application in tandem with the marine consenting process and expect to submit all applications by the end of 2020.

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Conygar Investment company

Conygar Investment Company submits planning application for bio-science building

Conygar Investment Company PLC (LON:CIC) has submitted a detailed application for the next phase of The Island Quarter development in Nottingham. The application comprises a 23,123 sq.m. (249,000 sq.ft.) bioscience building, which includes both laboratory and office space. Christopher Ware, Property Director of Conygar Investment Company, commented: “We are delighted to submit this application for the next phase of development. Nottingham is already home to a large number of exciting businesses in the bioscience space and this scheme will be an excellent addition to the mixed-use development we are creating at The Island Quarter.”

Conygar Investment Company

Conygar Investment Company granted planning for the next phase of The Island Quarter

The Conygar Investment Company PLC (LON:CIC) has announced that Nottingham City Council has passed a resolution to grant planning for the next phase of The Island Quarter. This phase of the development comprises 247 BTR apartments, 223 hotel rooms, 400 co-working desks as well as a food and beverage provision. Robert Ware, Conygar Investment Company Chief Executive, commented: “We are delighted that the Council have approved the plans for the next phase of our exciting project in Nottingham. This builds on our success in achieving permission for the student accommodation and the soon-to-open venue at Canal Turn”.

Conygar Investment company

Conygar Investment Company net asset value increased by £12.44 million to £126.58 million

The Conygar Investment Company PLC (LON:CIC) have today provided interim results for the six months ended 31 March 2022. Summary ·    Net asset value (“NAV”) increased by £12.44 million to £126.58 million (212.25p per share), including a £10.52 million uplift from the placing of 7,139,000 of the Company’s own shares. ·    NAV per share decreased by 5.16p per share to 212.25p as a result of 8.58p per share dilution from issuing shares at a discount, partly offset by a 3.42p per share increase from the £1.93 million profit realised in the period. ·    Total cash deposits of £30.66 million (51.41p per share). ·    No debt and

Conygar Investment company

Conygar Investment sell Cross Hands retail park for £18.25 million

The Conygar Investment Company PLC (LON:CIC), the property investment and development group, has today announced that it has completed the disposal of its retail park in Cross Hands, Llanelli for a net consideration of £18.25 million. The net proceeds are expected to be utilised in progression of the Company’s development at The Island Quarter site in Nottingham. Freddie Jones, Director at Conygar Investment said, “We are delighted to have exited our retail park development. Since we purchased the 10-acre site in 2015 we have constructed and fully let the 92,000 sqft scheme to leading operators including Lidl, B and M Retail, Iceland’s Food

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