Conygar secures £20 mln from Barclays Real Estate

Barclays Real Estate has provided the Conygar Investment Company PLC with a £20 million (approx. €25 million) lending facility. The funding package, secured on the nine properties of the Edinmore portfolio acquired in December 2011, enables Conygar to pursue further investment and development opportunities.

Commenting on the deal, Robert Ware, Chief Executive of Conygar commented: „We are pleased to secure early refinancing of our Edinmore acquisition which releases cash for use elsewhere in our business and we’re delighted that our long standing relationship with an active lender such as Barclays has been extended.“