Conygar has signed a new debt facility to take forward its schemes in Nottingham and Bristol.
The two-year, £12m facility, with ASK Partners, will be paid at 5.9% above the Bank of England base rate, and is secured on part of the Island Quarter site that Conygar is developing in Nottingham.
As well as making further progress in Nottingham, Conygar will use the loan to take forward the planning application for its potential acquisition site in Bristol. The company has an option over 14.7 acres of land near Bristol Temple Meads railway station.
