Property investment firm Conygar has posted a £6.3 million profit for the six months to 31 March 2025, marking a return to profitability following the sale of two assets in Anglesey: Holyhead Waterfront and Parc Cybi. The disposals contributed to the company’s improved financial position, following losses in the previous period.
The developer also confirmed the restructuring of its Barclays development loan linked to the Winfield Court student accommodation at Nottingham’s Island Quarter. The revised agreement extends the final repayment deadline from March 2025 to December 2025, providing additional flexibility amid ongoing development activity.
Operationally, Conygar reported solid progress at the Island Quarter. Student accommodation lettings at Winfield Court are on track for the upcoming academic year. Meanwhile, revenues at the Cleaver & Wake and Binks Yard hospitality venues have held steady, with margins showing gradual improvement despite wider sector pressures.
The company remains cautiously optimistic about its pipeline, citing supportive trends in the UK real estate market, including continued rental growth, limited new construction activity, and easing lending conditions. Conygar sees long-term value in its Nottingham project and broader portfolio, anticipating future opportunities that align with investor demand for high-quality, sustainable assets.
