Conygar’s net asset value has grown by 28% over the past six months.
A revaluation of the firm’s investment portfolio – including a £28.7m hike for its 36-acre Island Quarter site in Nottingham – helped boost values by £25.3m to £114.1m, or 217.4p per share. Conygar has no debt, no borrowings and £13m in cash.
The developer bought the Island Quarter site in 2016 and this year submitted three planning applications for the first phases of the site, including a 21,500 sq ft food hub and a 700-bed student accommodation scheme.
It has also submitted a further application for its Holyhead Waterfront scheme in Anglesey.
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