Part Disposal of Aker Village, Aberdeen

RNS Number : 8491H

Conygar Investment Company PLC(The)

23 May 2014

 

For immediate release

23 May 2014

THE CONYGAR INVESTMENT COMPANY PLC

PART DISPOSAL OF AKER VILLAGE, ABERDEEN

The Conygar Investment Company PLC ("Conygar"), the property investment and development group, announces that it has completed on the sale of Site 2, Aker Village, Aberdeen for a consideration of £7.45 million, a surplus of £700,000 over the September 2013 valuation and an 8.8% uplift after deducting costs of sale.

The site comprises a 60,000 sq ft detached warehouse let to Aker Business Services Limited at a rent of £570,490 per annum exclusive.

Robert Ware, Chief Executive of Conygar commented:

"Further to our recent sale of Site 1, Aker Village, Aberdeen, we are pleased to have again been able to take advantage of an improving market to dispose of another part of our holding and to have crystallised a significant surplus over our book value."

Enquiries:

The Conygar Investment Company PLC

Robert Ware/Steven Vaughan: 020 7258 8670

Liberum Capital Limited (Nominated Adviser and Broker)

Chris Bowman/Richard Bootle: 020 3100 2222

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

 

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