Conygar Investment Company PLC(The) Cross Hands Planning Application (8528V)

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RNS Number : 8528V

Conygar Investment Company PLC(The)

21 April 2016

21 April 2016

THE CONYGAR INVESTMENT COMPANY PLC

PLANNING APPLICATION SUBMITTED TO CARMARTHENSHIRE COUNCIL FOR CROSS HANDS DEVELOPMENT SITE

The Conygar Investment Company PLC ("Conygar") announces that it has submitted a planning application to Carmarthenshire Council for its 9.96 acre development site in Cross Hands, South West Wales.

The fully serviced site was acquired from Sainsbury's in October 2015 with consent for a 90,000 sq ft store.

The application is for a 106,000 sq ft retail development which, with a 562 space car park, would include the following:

   --     A family pub/restaurant 
   --     A high end food store 
   --     A stand-alone discount food store 
   --     A frozen food specialist 
   --     A drive-through restaurant 
   --     Other retail stores 

The proposed development will create the equivalent of 260 full time jobs and over 100 during the construction phase, which Conygar wish to be sourced locally.

If consent is received this summer, construction should commence later in the year and will be funded from Conygar's existing cash resources.

Robert Ware, CEO said: "The proposed development will offer attractive new retail outlets, which will not only support and enhance Cross Hands town centre, but offer significant regeneration benefits in the locality".

Enquiries:

The Conygar Investment Company PLC

Robert Ware / Ross McCaskill: 020 7258 8670

Liberum Capital Limited (Nominated Adviser and Broker)

Richard Bootle: 020 3100 2222

Temple Bar Advisory (Public Relations)

Alex Child-Villiers: 07795 425580

This information is provided by RNS

The company news service from the London Stock Exchange

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April 21, 2016 02:00 ET (06:00 GMT)