22 Dec 2021 15:21
THE CONYGAR INVESTMENT COMPANY PLC
(THE "COMPANY")
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SALE OF SELLY OAK PROPERTY
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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.
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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.
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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".
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Enquiries:
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The Conygar Investment Company PLC
Robert Ware/Freddie Jones 020 7258 8670
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Liberum Capital Limited (Nominated Adviser and Broker)
Richard Lindley/Jamie Richards/Edward Phillips 020 3100 2222
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Temple Bar Advisory (Public Relations)
Alex Child-Villiers 07795 425580
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