Conygar Investment completes acquisition of development site at Rhosgoch

(ShareCast News) - Conygar Investment has completed the acquisition of the freehold of the former Shell storage facility site near Rhosgoch, Anglesey for a consideration of £3m.The property investment and development group said the 203 acre brown field site is located around 3 miles from Amlwch Port and 6.5 miles from the site of the existing and proposed Wylfa Nuclear Power Station.Chief executive Robert Ware said: "We are pleased to have acquired this site which is ideally located to provide a base for a range of support facilities which we believe will be required by the contractors engaged in the construction of the multi-billion pound nuclear power station project."In addition, it is also well suited to a number of other uses such as a solar farm and gas fuel energy projects. We will now be working towards submitting planning applications within the next twelve months."At 1220 BST Conygar shares were down 0.7% at 167.30p. Conygar Inv