Finance director to step down at Boots Island developer
The company behind one of Nottingham’s biggest mixed-use developments has announced the impending departure of its finance director and company secretary.
In a statement to the London Stock Exchange, Conygar – which is developing the huge Boots Island site in the city – said Ross McCaskill will step down on 6 April 2020.
The firm has not revealed why McCaskill has decided to resign.
Conygar chief executive Robert Ware said: “The Board would like to thank Ross for his contribution over the past ten years and we wish him every success in the future.”
Last month, Ware told TheBusinessDesk.com that work on the first phase of the Boots Island scheme – made up of 600 PRS apartments, co-working space and a hotel – could begin in the summer.
The development will be renamed “The Island Quarter” once complete.
Conygar acquired the former Boots headquarters site in December 2016 for £13.5 million and outline plans for the scheme were approved in April last year.
The 2 million sq ft-plus development is expected to include Grade A offices, apartments, student accommodation, and, as we revealed last year, “potentially” an entertainment and leisure venue.
Hailing the progress of the scheme, Lorraine Baggs, head of investment for Invest in Nottingham, said: “The plans to bring grade A office space as well as a five-star hotel and retail units will breathe new life into this area of the city.
“The development is set to continue the new era for Nottingham and we hope it can be a catalyst for further investment and growth. It’s great to see the site finally brought back in to use.”
