Conygar, which is behind the redevelopment of Nottingham’s Island Quarter, has said it will need to seek either debt funding, joint venture partners, or sell assets to take best advantage of the opportunities presented by the development.
In a statement to the London Stock Exchange the firm noted that this is due to the size of the Island Quarter development.
In September Conygar was granted permission for the first phase of the 40 acre mixed use development, including a 20,000 square foot waterfront pavilion featuring restaurants, events space and a rooftop terrace. The plans also feature provision for a bandstand and an area of new public realm.
Conygar Investment Company PLC (LON:CIC) is an AIM quoted property investment and development group dealing primarily in UK property.