Conygar

What Conygar does

Conygar Investment Company PLC is an AIM-quoted property investment and development group founded in 2003 and headquartered in London, operating primarily in UK real estate across England and Wales. Its core asset is The Island Quarter, a 36-acre mixed-use development site in Nottingham City Centre acquired in December 2016 from the former Boots headquarters and laboratories, where it holds outline planning permission for approximately 3 million square feet of mixed-use development (with potential to 3.5 million) including homes, Grade A office space, a creative market, a lifestyle hotel, retail units, student accommodation and a bioscience building. Operational milestones include practical completion in June 2024 of 693 student beds under management of Fresh Property Group, opening of the 1 The Island Quarter hospitality venue (Binks Yard, Cleaver & Wake, plus a planned rooftop bar for 2026) operated under a ten-year management agreement with Rhubarb Food Design Limited, and a December 2024 resolution to grant planning for a 383-bed second phase of student accommodation.

The business makes money through two principal streams: recurring rental and management income from operational property (student accommodation, hospitality, retail, commercial) and one-time capital returns from developing and disposing of sites. Recent transactions illustrate this dual model: capital has been recycled via disposals including the £18.5 million sale of the Rhosgoch former industrial site to Stena Line UK Ltd in October 2025, and the sale of the Virgin Active gym at The Island Quarter in August 2025, alongside other Welsh portfolio sales (Holyhead Waterfront and Parc Cybi, Haverfordwest, Cross Hands). Development capital was raised via a £15 million zero dividend preference share issuance in October 2023 at a 9.0% gross redemption yield, maturing October 2028 and listed on The International Stock Exchange. Distribution to end customers occurs through direct commercial leasing, appointed property managers (Fresh Property Group for student accommodation) and long-dated management agreements (Rhubarb for hospitality). The group is publicly listed on AIM under ticker CIC, with 59,638,588 ordinary shares in issue and approximately 37.5% of the share capital not in public hands; significant holders include Armstrong Investments Limited (14.25%), Premier Miton Group PLC (11.73%), Robert Ware (8.35%) and Bim Sandhu (7.66%).

Name

Conygar

Legal name

The Conygar Investment Company PLC

Website

https://conygar.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investors, Nec (6799), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

akta.pro secondary industry

CRE Loan Syndication & Participation (FSALADAK)

Keywords

• Property investment
• Property development
• Mixed-use real estate
• Student accommodation
• UK property portfolio

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Property Rental Income: Rental income from tenants occupying developed properties including student accommodation, retail units, food and beverage venues, and commercial office space.
2. Property Development and Disposal: Capital gains generated through development of mixed-use properties with subsequent sale or long-term lease to tenants. The company develops sites including The Island Quarter in Nottingham.

Distribution channels4 records

Marketing channels4 records

Core offering

Conygar is an AIM-quoted property investment and development group that invests in UK property assets where it can add significant value through property management, development, and transaction structuring. Its flagship project is The Island Quarter, a 36-acre mixed-use development in Nottingham City Centre encompassing student accommodation, grade A office space, retail, hospitality venues, and a planned lifestyle hotel, with ongoing development and disposal of additional sites in England and Wales.

Product overview

Conygar Investment Company PLC is an AIM-listed UK property investment and development group. The company operates primarily through its flagship development, The Island Quarter in Nottingham, a 36-acre mixed-use scheme comprising hospitality venues (1 The Island Quarter with Binks Yard and Cleaver & Wake restaurants), student accommodation (693 beds operational with 383 more approved), and planned future phases including a bioscience building, hotel, and additional residential and commercial space. Additionally, the company offers Zero Dividend Preference Shares as a financial instrument for investors.

Differentiator

Problem solved

Functional benefit

Brands

• The Island Quarter: A 36-acre mixed-use development site in Nottingham City Centre, featuring residential, commercial, hospitality, and student accommodation.

Products and services

• The Island Quarter A 36-acre mixed-use development site in Nottingham City Centre comprising new homes, grade A office space, creative market, lifestyle hotel, retail units, student accommodation, and public realm, with approximately 3 million square feet of planned development.
• 1 The Island Quarter Venue A hospitality and events venue at The Island Quarter featuring Binks Yard (all-day dining, drinking and entertainment), Cleaver & Wake (modern dining experience), outdoor performance area, upper floor events space for private hire, and a planned rooftop terrace.
• Student Accommodation - The Island Quarter Purpose-built student accommodation at The Island Quarter with 693 beds in the first phase and a 383-bed second phase approved, managed by Fresh Property Group.
• Rooftop Bar at The Island Quarter 85-cover rooftop bar at The Island Quarter operated by Rhubarb Hospitality, claimed to be the highest rooftop venue in Nottingham with panoramic city views.

Quantifiable outcome

• 693 student beds operational from June 2024
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• Rhosgoch Property Ltd (subsidiary of Stena Line UK Ltd)minorOthers · 27 October 2025
• Rhubarb Food Design LimitedcoreStrategic or Co-development Partner · 3 October 2025Conygar entered into an initial ten-year management agreement with Rhubarb Food Design Limited for the operation of food, beverage and events at 1 The Island Quarter. TUPE arrangements to transfer existing management team employment from the Group to Rhubarb were completed on 31 August 2025, with full operational control granted from 1 October 2025. Rhubarb operates Binks Yard (all-day dining, drinking and entertainment venue) and Cleaver & Wake (modern dining experience), as well as the planned rooftop terrace opening in 2026.
• Fresh Property GroupcoreChannel Partner/ Reseller/ DistributorAppointed manager for the 693-bed student accommodation at The Island Quarter. Practical completion was achieved on 3 June 2024 and the property is now operational under Fresh Property Group's management.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Helical plc: London-listed small-cap UK property investment and development company focused on office-led mixed-use schemes in London and the South East. Directly comparable to Conygar in size, structure and value-add development approach, with a similar blend of rental income and development profit.
• Palace Capital plc: AIM-listed UK regional property investment company owning a portfolio of office, industrial and mixed-use assets. Comparable to Conygar as a small-cap AIM property group with regional UK focus and a mix of investment and development activity.
• Henry Boot plc: AIM-listed UK land promotion, property investment and development group. Comparable to Conygar in its small/mid-cap UK land-led development model with rental income from investment property, though with greater emphasis on land promotion.
• Regional REIT Limited: UK regional office-focused REIT investing in commercial property outside the M25. Comparable to Conygar in its regional UK property focus and income-oriented model, though structured as a REIT rather than an investment company.
• CLS Holdings plc: UK-listed commercial property investment company with a UK and European portfolio of office and mixed-use assets. Comparable to Conygar in its blend of rental income, asset repositioning and active portfolio management, though larger and more geographically diversified.
• Real Estate Investors plc: AIM-listed Midlands-focused commercial property investment company with a portfolio of office, retail and industrial assets. Closely comparable to Conygar in size, regional UK focus, AIM listing and value-add investment style.

Broad incumbents

• British Land Company plc: Major UK REIT with campuses, retail parks and mixed-use regeneration schemes. Comparable to Conygar in mixed-use development DNA (e.g. Canada Water, Broadgate) but operates at a much larger scale as a FTSE 100 incumbent.
• Land Securities Group plc: One of the largest UK REITs, focused on London and major regional mixed-use developments including mixed-use campuses. Broader incumbent comparable to Conygar in pursuing large-scale mixed-use regeneration but at vastly greater scale and capital base.
• St Modwen Properties: Large UK-listed property developer of mixed-use, logistics and residential schemes (now owned by Blackstone). Comparable to Conygar's regional mixed-use development model at the higher end of the size spectrum, including campus-style regeneration.

Regional players

• Telford Homes plc: UK residential-focused developer operating primarily in London and the South East (now private). Comparable to Conygar's residential development phase at The Island Quarter but focused on build-to-rent/for-sale residential rather than mixed-use campuses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-conygar-investment-company-plc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Conygar