LONDON (ShareCast) - (ShareCast News) - Property investment and development group The Conygar Investment Company announced on Monday that on 1 December it exchanged a lease agreement with B&M Retail to construct a 20,000 square foot store with an additional 7,500 square foot garden centre and 79 car parking spaces at its site in Ashby-de-la-Zouch, Leicestershire.
The AIM-traded firm said the lease and construction of the store remained conditional on planning approval, with the planning application for this development to be submitted in the new year.

It said the development would occupy the remaining two acres of the site after the construction of the M&S Food Hall, which was recently completed.

"B&M is a strong national chain that will provide a valuable boost to the locality and we are therefore delighted to have agreed terms and are keen to start construction as soon as possible," said Conygar chief executive Robert Ware.

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