REG - Conygar Investmnt Co - Sale of Selly Oak Property

Conygar Investment CoAnnouncement

22/12/2021 15:25

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RNS Number : 5360W  Conygar Investment Company PLC(The)  22 December 2021

THE CONYGAR INVESTMENT COMPANY PLC

(THE "COMPANY")

 

SALE OF SELLY OAK PROPERTY

 

 

The Conygar Investment Company PLC ("Conygar"), the property investment and
development group, announces that it has completed the disposal of its
industrial units in Selly Oak, Birmingham.

 

As previously announced, contracts were exchanged in 2019 for the sale of the
Selly Oak property, on a subject to planning basis, to a specialist provider
of student accommodation. The sale has now completed for £7.17 million
compared to a book value of £3.57 million.

 

Freddie Jones, Director of Conygar said "We are delighted to have exited this
property generating a trading profit of £3.6 million, while also having
benefited from the rental income received, since our strategic purchase of the
units in 2018".

 

Enquiries:

 

The Conygar Investment Company PLC

Robert Ware/Freddie
Jones
020 7258 8670

 

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Lindley/Jamie Richards/Edward
Phillips
                                      020
3100 2222

 

Temple Bar Advisory (Public Relations)

Alex
Child-Villiers
07795 425580

 

 

 

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