Business
Sale of Selly Oak Property
Sale of Selly Oak Property.
About this update from Conygar Investment Company Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5360W\n Conygar Investment Company PLC(The)\n 22 December 2021\n \n \n \n \n THE CONYGAR INVESTMENT COMPANY PLC\n \n \n (THE \"COMPANY\")\n \n \n \n \n \n SALE OF SELLY OAK PROPERTY\n \n \n \n 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.\n \n 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.\n \n 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\".\n \n \n Enquiries:\n \n \n \n \n \n The Conygar Investment Company PLC\n \n \n Robert Ware/Freddie Jones 020 7258 8670\n \n \n \n \n \n Liberum Capital Limited (Nominated Adviser and Broker)\n \n \n Richard Lindley/Jamie Richards/Edward Phillips 020 3100 2222\n \n \n \n \n \n Temple Bar Advisory (Public Relations)\n \n \n Alex Child-Villiers 07795 425580\n \n \n \n \n \n \n \n \n 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 [email protected] 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.\n END\n \n DISMZMZZKZLGMZM\n ","length":3745,"tagName":"div"}]