March 24, 2023
A development site in south west Wales, which has outline consent for more than 700 homes and retail space, is being disposed of for £9.65m.
Property investment and development group The Conygar Investment Company plc has exchanged contracts on an unconditional basis to dispose of its development site in Haverfordwest, Pembrokeshire to The Welsh Ministers and POBL Homes and Communities Ltd.
The development site has outline consent for 729 residential units and 90,000 sq ft of implemented A1 retail.
Completion of the sale is contracted to occur on 24 March for net cash proceeds, after sale costs, of £9.55m, resulting in a profit over carrying value of £200,000. Fletcher Morgan acted on behalf of The Vendor.
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