9th May 2016 06:45
LONDON (Alliance News) - Conygar Investment Co PLC said Monday it has completed a "significant letting" to Conwy County Council at Mochdre Commerce Park in North Wales.
The property investment and development group said it has let 60,000 square feet of industrial space and 3.2 acres of open storage land at Mochdre Commerce Park to Conway County Countil.
Conygar said the council has taken a 25-year lease for the site located in Colwyn Bay, North Wales, with a first break clause at year 15. The initial rent has been set at GBP240,000 per annum.
Conygar added that there is a further 80,000 square feet of vacant space at the site and said it is in discussions with potential tenants.
"We are pleased to announce this significant letting at Mochdre and are working towards getting the rest of the vacant space tenanted as soon as possible," said Chief Executive Robert Ware.
By Hannah Boland; [email protected]; @Hannaheboland
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