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IN BRIEF: Conygar completes first phase of student accommodation

ALN

Conygar Investment Co PLC - property investment and development group - Notes practical completion of its first phase of student accommodation at the Island Quarter in Nottingham. Says phase was completed on Monday. Adds that the property, which comprises 693 beds, in addition to amenity space, is now under the control of its appointed manager Fresh Property Group and available for occupation.

Chief Executive Robert Ware says: ‘We are delighted to have reached this milestone in the development of the Island Quarter and would like to thank all of the parties involved who have ensured the provision of a very high quality, amenity filled property, which was delivered on time and on budget, and which we believe is a very exciting addition to the student accommodation offering in Nottingham.’

Current stock price: 88.90 pence each, up 2.2% on Tuesday

12-month change: down 19%

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