‘Finance in place’ for Anglesey marina project
THE developer behind a £100m Anglesey marina says finance is in place for the project, with consent applications set to be submitted early next year.
Conygar Investment Company is behind the development, which includes 326 homes, a 500-berth marina, retail, leisure, restaurants, hotel and office space on Newry Beach in Holyhead.
There is a separate scheme to rebuild Holyhead Marina, which was destroyed by Storm Emma in March 2018.
Today Conygar – which has outline permission in place – said it expects to submit detailed planning and Marine Consent applications in early 2020.
A Conygar spokesman said: “We are awaiting consents to move the project forward.
“The finance for the scheme is in place, the demand is still there for the marina, we just need to get reserved matters and consents through.
“The marina would be beneficial to Holyhead.”
Conygar last year reached an agreement with ferry giant Stena Line to take full control of the waterfront project, which received outline planning permission in 2012.
Supporters of the project believe the waterfront scheme will help regenerate the port town, while opponents say it will wreck the waterfront for local people.
Conygar revealed in its results that it had made a loss before tax of £13.9m.
But it added that the group is wellplaced to deliver the existing developments and to take advantage of any market volatility in the coming months, with cash of £39.9m and no borrowings.