Go-ahead expected for Conygar’s £650M Island Quarter development

A detailed planning application for the first phase of the £650m Island Quarter development in Nottingham has been tipped for the go-ahead.

Conygar’s phase 1A is set to be called Canal Turn and would include a three-storey 21,527 sq ft pavilion on the waterfront, featuring two restaurants, about 5,381 sq ft of events space and a large rooftop terrace.

Outline planning consent for the project, which is expected to take up to ten years to complete, was approved by Nottingham’s planning committee in April 2019, followed by negotiations regarding the Section 106 agreement, that was formalised with the city council earlier this year.

Conygar Investment Company PLC (LON:CIC) is an AIM quoted property investment and development group dealing primarily in UK property.

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