THE CONYGAR INVESTMENT COMPANY PLC
PEMBROKE DOCK PLANNING APPLICATION
The Board of The Conygar Investment
Company PLC announces that its subsidiary
undertaking, Martello Quays Limited, has
submitted a planning application to
Pembrokeshire County Council in respect of
its Pembroke Dock Waterfront development.
The application includes 450 residential
units, a 260 berth marina, associated
parking, a hotel, a five screen cinema and
associated leisure and retail facilities.
Further announcements will be made as and
when appropriate. For further information
please contact:
The Conygar Investment Company PLC
Robert Ware 020 7408 2322
Peter Batchelor 020 7408 2322
The directors of Conygar accept
responsibility for the information contained
in this announcement. To the best of the
knowledge and belief of the directors of
Conygar (who have taken all reasonable care
to ensure that such is the case) the
information contained in this announcement
is in accordance with the facts and does not
omit anything likely to affect the import of
such information.
This information is provided by RNS
The company news service from the London
Stock Exchange
END Posted 12.03.07 PDWP
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Conygar Investmnt Co - Final Results ........... a
exert from the chairman's report and in the financial press
Posted 19.12.06
A. Pembroke Dock Marina company Conygar Investment FY pretax
profit, NAV rise; confident about future
LONDON (AFX) - Property firm Conygar Investment Co PLC
said pretax profit for the year ended Sept 30 more than doubled and that
it is confident about the future prospects for the company. Pretax
profit increased to 1.18 mln stg from 0.53 mln stg, and net asset value
increased to 88 pence a share from 54 pence as at Sept 30.
The company added that it is on track to submit a planning application
for its proposed Pembroke Dock marina scheme early in 2007. newsdesk@afxnews.com
faj/hjp
B. Last December we announced the
acquisition of 50% of the share capital of
Martello Quays Limited ("Martello") for a nominal sum. Martello, which
is a
partnership between Conygar, Welsh based developers and Vinci Project
Development Limited, a Vinci PLC subsidiary, has been appointed as
preferred
developer by a client group comprising Pembrokeshire County Council, the
Welsh
Assembly Government, the Crown Estate and The Milford Haven Port
Authority to
obtain planning permission and develop an area known as Pembroke Dock
Waterfront. As stated at the time, it was anticipated that the planning
application would include 450 houses and apartments, 300 marina berths
and
associated car parking, a factory outlet, a pub, restaurant, shop, hotel
and
multiplex cinema.
Conygar is committed to fund the planning application costs which will
be in the
order of #350,000. Costs incurred to the year end amount to #153,190. We
are
pleased to report that the scheme was recently presented to The Design
Commission for Wales, who have responded that they support the proposed
use,
choice of site and our proposal to create a strong and robust design
code for
ensuring a quality development. This positive reaction from the
Commission is
welcomed, which together with our excellent working relationship with
the client
group takes us a significant step forward in the planning process.
Whilst we are dealing with a myriad of planning issues that are typical
of such
a major development proposal in an historic and environmentally
sensitive area
we remain on track for the submission of a planning application early in
the New
Year.
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