Business
ACQUISITION OF INDUSTRIAL PROPERTY IN SELLY OAK
ACQUISITION OF INDUSTRIAL PROPERTY IN SELLY OAK.
About this update from Conygar Investment Company Plc
[{"type":"text","content":"\n \nRNS Number : 6186M Conygar Investment Company PLC(The) 30 April 2018 \n\n \nFor immediate release\n30 April 2018\nTHE CONYGAR INVESTMENT COMPANY PLC\nACQUISITION OF INDUSTRIAL PROPERTY IN SELLY OAK, BIRMINGHAM\nThe Conygar Investment Company PLC (\"Conygar\" or the \"Company\"), the property investment and development group, announces the purchase of Units 5-9 Selly Oak Industrial Estate, Elliott Road, Birmingham for £3.47 million, including costs.\nThe units consist of 50,000 square feet and are fully let to University Hospitals Birmingham NHS Foundation Trust and Revolution Gymnastics Limited, generating income of £215,500 per annum. The property is located in a predominantly residential area and has strong short to medium term redevelopment prospects.\nRobert Ware, Chief Executive of Conygar commented:\n\"We are delighted to have secured this industrial property via an off market transaction in an affluent area of Birmingham. We intend to use our asset management skills to maximise the value of the site in the near future.\"\nEnquiries:\nThe Conygar Investment Company PLC\nRobert Ware: 020 7258 8670\nRoss McCaskill: 020 7258 8670\n \nLiberum Capital Limited (Nominated Adviser and Broker)\nRichard Bootle: 020 3100 2222\nHenry Freeman: 020 3100 2222\n \nTemple Bar Advisory (Public Relations)\nAlex Child-Villiers: 07795 425580\nWill Barker: 020 7002 1080\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQZMGFDDGFGRZM\n ","length":2670,"tagName":"div"}]