Although it was Conygar's intention to hold the asset for long-term income, the Company simultaneously exchanged and completed the sale of this building for £4.35 million on Friday 17 November 2017.
Robert Ware, Chief Executive of Conygar, said: “We are delighted to have been able to take advantage of the strong market we are seeing for regional assets with long-term income streams let to strong covenants. The funds generated by this disposal will be recycled within the group and used elsewhere in our investment and development pipeline.”