REG - Conygar Investmnt Co - Potential Acquisition of Bristol Site

Conygar Investment CoAnnouncement

06/04/2023 14:00

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RNS Number : 6718V  Conygar Investment Company PLC(The)  06 April 2023

 

 

The Conygar Investment Company PLC

("Conygar", the "Company" or the "Group")

 

Potential Acquisition of Bristol Site

 

The Board of Conygar announces that Conygar Bristol Limited, a joint venture
between Conygar and Urban and City Ltd (owned 80% by the Company and 20% by
Urban and City Limited), has acquired an option for £450,000 from Wholesale
Bristol Fruit Market Limited to acquire the land at St Philips Marsh where the
market is currently located. The site comprises 14.7 acres and is located to
the east of Bristol Temple Meads railway station.  The consideration will be
funded by Conygar from existing cash resources.

 

The acquisition is at Conygar's discretion and is subject to the receipt of
planning permission for a number of development options. The conditional
contract expires on 31 March 2024 in the event that a planning application has
not been made by Conygar Bristol Limited for the development of the site.

 

Enquiries:

 

The Conygar Investment Company PLC

Robert Ware/David Baldwin
 
 
020 7258 8670

 

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Lindley/Jamie Richards/Will
King
 
                020 3100 2222

 

Temple Bar Advisory (Public Relations)

Alex
Child-Villiers
07795 425580

 

 

 

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