Sale of Selly Oak Property

RNS Number : 5360W
Conygar Investment Company PLC(The)
22 December 2021
 

THE CONYGAR INVESTMENT COMPANY PLC

(THE "COMPANY")

 

SALE OF SELLY OAK PROPERTY

 

 

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.

 

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.

 

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".

 

Enquiries:

 

The Conygar Investment Company PLC

Robert Ware/Freddie Jones  020 7258 8670

 

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Lindley/Jamie Richards/Edward Phillips    020 3100 2222

 

Temple Bar Advisory (Public Relations)

Alex Child-Villiers  07795 425580

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DISMZMZZKZLGMZM
UK 100

Latest directors dealings