Conditional Disposal (3083R)
November 02 2011 - 3:00AM
UK Regulatory
TIDMCIC
RNS Number : 3083R
Conygar Investment Company PLC(The)
02 November 2011
2 November 2011
THE CONYGAR INVESTMENT COMPANY PLC
CONDITIONAL DISPOSAL TO SAINSBURY'S AT HAVERFORDWEST
The Conygar Investment Company PLC ("Conygar") is pleased to
announce that contracts have been exchanged with Sainsbury's for
the sale of 9 acres for a supermarket on our 93 acre development
site at Haverfordwest, Pembrokeshire, subject to the obtaining of a
suitable planning consent. Conygar intends to submit a planning
application early next year for a retail food store comprising
60,000 square feet of sales floor space, restaurant, 500 space car
park and filling station.
The planned application will also include design proposals for
circa 800 residential plots on the site including much needed
affordable housing.
We believe that the potential arrival of Sainsbury's, a quality
food retailer, will widen the offer in the locality. An exhibition
of the joint proposal will be held on 18 and 19 November 2011 to
gain input from local people which could be included in the
application. We will be reporting further on this project in due
course.
Robert Ware, Chief Executive of Conygar, commented:
"We are delighted to be working with Sainsbury's to present
these plans for Haverfordwest. We believe that the proposal for
housing and the Sainsbury's store can work well together and should
bring considerable benefits for the community."
Enquiries:
The Conygar Investment Company PLC
Robert Ware: 020 7258 8670
Peter Batchelor: 020 7258 8670
Oriel Securities Limited (Nominated Adviser and Broker)
Michael Shaw: 020 7710 7600
Neil Langford: 020 7710 7600
Temple Bar Advisory (Public Relations)
Alex Child-Villiers: 07795 425580
This information is provided by RNS
The company news service from the London Stock Exchange
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