The Conygar Investment Company PLC (LON:CIC) announced today that it has exchanged a lease agreement with Lidl UK GmbH, at its Cross Hands retail park, to construct a 23,000 square foot store for their occupation. A planning application to vary the existing consent for a food store will be submitted immediately. Conygar expect to commence construction during the autumn with a target completion date in April 2019.
Once Lidl is operating, approximately 80,000 square foot of the park will be income generating, leaving just 15,000 square feet of constructed space available to let and 0.75 acres available for future construction.
Robert Ware, Chief Executive of Conygar Investmnt Company Plc, commented: “We are delighted that Lidl has leased space at the dynamic Cross Hands site, alongside other leading brands like B&M Retail Ltd, Costa Coffee Ltd, David Jenkins Ltd, Dominos PLC, Iceland Foods Ltd, Peacocks Stores Ltd and Pets at Home Ltd. This lease agreement is consistent with our aim to have the site fully operational by Spring 2019.”