Conygar Investment Company PLC(The) Potential Acquisition of Bristol Site (6718V)
April 06 2023 - 8:48AM
UK Regulatory
TIDMCIC
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 GBP450,000 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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