Business
Letting at Mochdre Commercial Park
Letting at Mochdre Commercial Park.
About this update from Conygar Investment Company Plc
[{"type":"text","content":"\n \nRNS Number : 5608X Conygar Investment Company PLC(The) 09 May 2016 \n\n \n[9] May 2016\nTHE CONYGAR INVESTMENT COMPANY PLC\nLetting at Mochdre Commercial Park to Conwy County Council\nThe Conygar Investment Company PLC (\"Conygar\"), the property investment and development group, announces that it has completed the letting of 60,000 sq. ft. of industrial space and 3.2 acres of \"open storage\" land at Mochdre Commerce Park. The estate is strategically located in Colwyn Bay, North Wales adjoining the A55 expressway, midway between Holyhead and Chester. It comprises 191,000 sq. ft. of modern industrial units, with a combined passing rent of £106,000 before the letting.\nThe new tenant is Conwy County Council who have taken a 35-year lease, with a first break clause at year 15 and an initial rent of £240,000 per annum.\nThere is a further 80,000 sq. ft. of vacant space in which Conygar are in discussions with potential tenants.\nRobert Ware, Chief Executive, commented\n\"We are pleased to announce this significant letting at Mochdre and are working towards getting the rest of the vacant space tenanted as soon as possible.\"\nEnquiries:\nThe Conygar Investment Company PLC\nRobert Ware / Ross McCaskill: 020 7258 8670 \nLiberum Capital Limited (Nominated Adviser and Broker)\nRichard Bootle: 020 3100 2222 \nTemple Bar Advisory (Public Relations)\nAlex Child-Villiers: 07795 425580\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCLLFESEIIRIIR\n ","length":2025,"tagName":"div"}]