Conygar Investment Company buys Nottingham site for £13.5m

22nd Dec 2016 13:03

(ShareCast News) - The Conygar Investment Company has bought a 40-acre development site near Nottingham station for £13.5m.The company said the site represents "an extremely interesting development opportunity" with the potential for a mixture of office, residential and student housing accommodation. It has a lapsed planning consent for a mixed-use scheme and Conygar will provide a further update once a new planning application has been submitted.Chief executive Robert Ware said: "We are delighted to have secured this exciting development opportunity which has not progressed for many years. Working with Nottingham City Council and several identified potential occupiers, we look forward to developing this site as soon as is practical."At 1305 GMT, the shares were flat at 155.99p.