Hill Dickinson advise Conyar Investment on acqusition of two sites
The Liverpool office of international law firm, Hill Dickinson has advised The Conygar Investment Company PLC , on the acquisition of two development sites in Wales.
The property investment and development group has acquired the freehold of the former Shell Storage Facility site near Rhosgoch, Anglesey for a consideration of £3 million.
The 203 acre brown field site is located approximately 3 miles from Amlwch Port and 6.5 miles from the site of the existing and proposed Wylfa Nuclear Power Station.
Hill Dickinson also advised the group on the acquisition of a 9.96 acre freehold serviced development site at Cross Hands, South Wales from Sainsbury’s Supermarkets Limited. This site benefits from a detailed planning consent for a 90,792 gross sq ft food store with a 6 pump petrol station and 495 car parking spaces.
Pam Jones, partner in the property team at Hill Dickinson, said:
“We’re delighted to have worked alongside Conygar to secure these two significant additions to their investment portfolio. Both sites provide substantial opportunity for development that could deliver a sizeable return on investment.”
Robert Ware, chief executive of Conygar added:
“We are delighted to have completed these two transactions and I wish to thank Pam and her team for their excellent service in completing these acquisitions, which is much appreciated.”