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Conygar Extends and Restructures Barclays Loan for Island Quarter Scheme

Story Highlights
  • Conygar has extended and downsized its Barclays development loan for the Winfield Court student scheme to December 2026, adding the 1 TIQ venue as extra security.
  • The company will publish audited annual accounts for the year ended 30 September 2025 in January 2026, updating investors on progress at The Island Quarter.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Conygar Extends and Restructures Barclays Loan for Island Quarter Scheme

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The Conygar Investment ( (GB:CIC) ) has issued an update.

The Conygar Investment Company PLC has restructured its development loan with Barclays relating to the Winfield Court student accommodation at The Island Quarter in Nottingham, extending the final repayment date by one year to 23 December 2026. Under the revised terms, the total facility is reduced from £43.6 million to £38.8 million through a £3.9 million repayment and cancellation of a £0.9 million undrawn portion, while Conygar is providing its 1 TIQ restaurant and events venue at The Island Quarter as additional security to support a lower loan-to-value covenant of no more than 60%; the company also said its audited annual results for the year to 30 September 2025 will be published in January 2026, signalling continued progress and transparency around its flagship Nottingham development.

The most recent analyst rating on (GB:CIC) stock is a Hold with a £31.00 price target. To see the full list of analyst forecasts on The Conygar Investment stock, see the GB:CIC Stock Forecast page.

Spark’s Take on GB:CIC Stock

According to Spark, TipRanks’ AI Analyst, GB:CIC is a Neutral.

The overall stock score is primarily impacted by significant financial challenges, including ongoing losses and liquidity constraints. Technical analysis indicates a bearish trend, while valuation metrics reflect a lack of profitability. The absence of earnings call data and corporate events limits additional insights.

To see Spark’s full report on GB:CIC stock, click here.

More about The Conygar Investment

The Conygar Investment Company PLC is a UK-listed property investment and development group with projects including student accommodation and mixed-use assets such as The Island Quarter in Nottingham, where it develops and operates facilities including residential units and hospitality venues.

Average Trading Volume: 83,593

Technical Sentiment Signal: Sell

Current Market Cap: £20.87M

For a thorough assessment of CIC stock, go to TipRanks’ Stock Analysis page.

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