The developer behind a £100m Anglesey marina says all applications will be submitted before the end of the year.
Conygar Investment Company is behind the development which includes 326 homes, a 500-berth marina, retail, leisure, restaurants, hotel and office space on Newry Beach in Holyhead.
Robert Ware, chief executive of The Conygar Investment Company, said:
“As a business with low overheads, no debt and a strong cash position, Conygar is well placed to weather the downturn which has already begun.
“We will monitor opportunities in the marketplace carefully as they will undoubtedly appear in the coming months. At the same time, we are well placed to advance our projects and hope to make announcements later this year to that effect.”
Conygar Investment Company PLC (LON:CIC) is an AIM quoted property investment and development group dealing primarily in UK property.