Conygar Investment Company PLC(The) Letting at Mochdre Commercial Park (5608X)
May 09 2016 - 02:00AM
UK Regulatory
TIDMCIC
RNS Number : 5608X
Conygar Investment Company PLC(The)
09 May 2016
[9] May 2016
THE CONYGAR INVESTMENT COMPANY PLC
Letting at Mochdre Commercial Park to Conwy County Council
The Conygar Investment Company PLC ("Conygar"), the property
investment and development group, announces that it has completed
the letting of 60,000 sq. ft. of industrial space and 3.2 acres of
"open storage" land at Mochdre Commerce Park. The estate is
strategically located in Colwyn Bay, North Wales adjoining the A55
expressway, midway between Holyhead and Chester. It comprises
191,000 sq. ft. of modern industrial units, with a combined passing
rent of GBP106,000 before the letting.
The new tenant is Conwy County Council who have taken a 35-year
lease, with a first break clause at year 15 and an initial rent of
GBP240,000 per annum.
There is a further 80,000 sq. ft. of vacant space in which
Conygar are in discussions with potential tenants.
Robert Ware, Chief Executive, commented
"We are pleased to announce this significant letting at Mochdre
and are working towards getting the rest of the vacant space
tenanted as soon as possible."
Enquiries:
The Conygar Investment Company PLC
Robert Ware / Ross McCaskill: 020 7258 8670
Liberum Capital Limited (Nominated Adviser and Broker)
Richard Bootle: 020 3100 2222
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
END
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