4th Sep 2018 12:10
LONDON (Alliance News) - Conygar Investment Co PLC on Tuesday said it agreed to construct a 23,000 square feet store for retailer Lidl UK GmbH at Cross Hands retail park in Wales.
The company expects to commence construction during the autumn with a target completion date in April next year.
Once Lidl is operating, approximately 80,000 square feet of the park will be income generating, leaving just 15,000 square feet of constructed space available to let.
"We are delighted that Lidl has leased space at the dynamic Cross Hands site," said Conygar Chief Executive Robert Ware. "This lease agreement is consistent with our aim to have the site fully operational by spring 2019."
The stock was trading 0.7% lower on Tuesday at 175.25 pence per share.
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Conygar Inv