Conygar Investment Co PLC on Monday said that it has agreed to dispose of its development site at Haverfordwest in Pembrokeshire for gross proceeds of £9.7 million.
The property investor and developer will sell to The Welsh Ministers and POBL Homes and Communities Ltd. The sale is for net cash proceeds of £9.6 million, resulting in a profit over carrying value of £200,000.
Conygar said it would use the proceeds to further its mixed-use development at The Island Quarter in Nottingham.
‘We are delighted to have agreed the sale of Haverfordwest, as part of our plan to focus our resources on those areas where we expect to see the greatest returns for our shareholders,’ said Director Freddie Jones.
Conygar Investment shares were trading 0.3% higher at 124.83 pence each in London on Monday morning.
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