Acquisition of Development Site at Rhosgoch

RNS Number : 8261B

Conygar Investment Company PLC(The)

09 October 2015

 

For immediate release

9 October 2015

THE CONYGAR INVESTMENT COMPANY PLC

ACQUISITION OF DEVELOPMENT SITE AT RHOSGOCH, ANGLESEY

The Conygar Investment Company PLC ("Conygar" or the "Company"), the property investment and development group, announces that it has completed the acquisition of the freehold of the former Shell Storage Facility site near Rhosgoch, Anglesey for a consideration of £3 million.  

This 203 acre brown field site is located approximately 3 miles from Amlwch Port and 6.5 miles from the site of the existing and proposed Wylfa Nuclear Power Station.

Robert Ware, Chief Executive of Conygar commented;

"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."

Enquiries:

The Conygar Investment Company PLC

Robert Ware: 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

 

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