Conygar records NAV fall on Welsh retail park mothball

Robert Ware

Source: Chris Winter

The Conygar Investment Company has reported a 2.3% fall in net asset value (NAV) to 198.3p alongside a £4.3m loss in its half-year results to 31 March.

Within results which the company described as “disappointing”, Conygar reported it had written down the value of a number of the development projects over the past six months.

Alongside confirming the cancellation of its plans for a mixed-use marina development at Fishguard Waterfront had resulted in a £2.4m loss, Conygar revealed it had written off £0.8m invested in obtaining planning consent for a 90,000 sq ft retail park at Llandudno Junction.

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