Description of Business
The Conygar Investment Company PLC (“Conygar”) is a property trading and development group dealing primarily in UK property. The group aims to invest in property assets where we can add significant value using our property management, development and transaction structuring skills.
A major focus for the group is the proposed Pembroke Dock Waterfront marina scheme. This is a £100million development of the Pembroke Dock Waterfront in West Wales. Conygar was appointed as developer by a client group comprising Pembrokeshire County Council, the Welsh Assembly Government, the Crown Estate and The Milford Haven Port Authority. In February 2008, we obtained approval for our planning application and in March 2008, we acquired 100% control of the development. The project may be viewed at
www.martelloquays.co.uk
In October 2007, we were pleased to announce the creation of a joint venture, Conygar Stena Line Limited, with Stena Line Ports Limited (“Stena”) in order to develop surplus land previously owned by Stena at Holyhead, Anglesey, Wales. It is intended that the land, which has in excess of half a mile of water frontage, will be redeveloped as a mixed use scheme incorporating residential, leisure, tourist and retail facilities together with an expanded marina development with associated commercial and marine engineering elements. We believe this will be an exciting regeneration scheme which will complement our multi-use Pembroke Dock Waterfront development and further continue our strategy of expansion into waterfront projects.
We have also acquired the rights to develop a marina at fishguard waterfront in West Wales. This is another exciting regeneration project consisting of a marina and mixed use supporting developments.
The group also holds property assets located in Buckingham Street, London.
About Us
Conygar was formed on 22 September 2003 by Chief Executive, Robert Ware together with Finance Director, Peter Batchelor and Property Director, Steven Vaughan. It was admitted to AIM on 23 October 2003. All three directors were former executives of MEPC plc which was taken private in a £3.5 billion public-to-private transaction and were key members of the management team incentivised to manage and restructure the business.
The Directors have extensive experience of dealing with both property assets and corporate mergers and acquisitions. The stated strategy is to acquire and invest in property assets and companies with property assets with the intention of adding value through management expertise.