The Conygar Investment (GB:CIC) has released an update.
The Conygar Investment Company PLC has acquired the long-leasehold interest of a Virgin Active gym site in Nottingham, already owning the freehold and securing a new 25-year lease with the gym. The £5.9 million purchase, funded by a debt facility, aims to consolidate control of the site and is part of the wider development plans for The Island Quarter. The deal includes a 12-month rent-free period for Virgin Active, boosting the gym’s financial incentives.
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