Completion of sale of land at Rhosgoch

Summary by AI BETAClose X

The Conygar Investment Company PLC has completed the sale of its land holding at Rhosgoch in Anglesey to Rhosgoch Property Ltd, a Stena Line (UK) Ltd subsidiary, for £18.5 million. This strategic divestment resulted in a substantial profit of £15.8 million for the Group, calculated against a March 2025 valuation of £2.5 million. Proceeds from the sale were utilized to repay a £5.6 million ASK Partners loan, thereby rendering the 36-acre Island Quarter site in Nottingham City Centre unencumbered. The remaining cash will bolster the Group's ongoing operations and working capital, primarily supporting The Island Quarter, indicating a strengthened financial position and enhanced liquidity.

Disclaimer*

UK 100

Latest directors dealings