Harworth Group Buys Site of Former Lynemouth Smelter From Rio Tinto
April 16 2015 - 8:00AM
Dow Jones News
LONDON--U.K. property company Harworth Group PLC (HWG.LN)
Thursday said it acquired the site of the former Lynemouth
aluminium smelter near Newcastle-upon-Tyne from Rio Tinto PLC
(RIO.LN), saying the 320-acre site "offers the potential for a
range of future commercial development".
"Our marketing of the site attracted a great deal of interest
from a wide range of sectors," said Richard Anderson, Environment
Manager at Rio Tinto. "After lengthy consideration and due
diligence, we decided the offer from Harworth Estates gave the best
prospect of securing sustainable long-term employment on the site
given their exceptional track record of successfully regenerating
redundant industrial sites."
Financial details weren't disclosed.
Write to Ed Ballard at ed.ballard@wsj.com
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