Harworth Group PLC Harworth makes three residential land sales
July 16 2019 - 2:00AM
RNS Non-Regulatory
TIDMHWG
Harworth Group PLC
16 July 2019
16 July 2019
LEI: 213800R8JSSGK2KPFG21
Harworth Group plc ("Harworth" or the "Company")
Harworth makes three key residential land sales in Yorkshire as
market for engineered land parcels remains strong
Harworth Group plc ("Harworth" or the "Company"), a leading
regenerator of land and property for development and investment,
has sold three separate parcels of engineered residential land on
two of its major developments in Yorkshire that will deliver 441
new homes to the market for a total consideration of GBP22.2
million.
At its Waverley development in Rotherham, Harworth has achieved
two disposals at its 740-acre mixed use development. It has sold
10.72 acres of engineered land to Taylor Wimpey, for the
construction of a further 175 new family homes. This is Taylor
Wimpey's fourth purchase of land at Waverley, following previous
land purchases in 2012, 2013 and 2017 for a total of 332 plots.
In addition, it has sold a further 11.73 acres of engineered
land to Barratt Homes, for the construction of 177 new homes that
will commence in the second half of the year. Both deals bring the
total amount of residential land sold at Waverley since 2012 to 110
acres across 16 separate phases that will deliver a combined total
of 1,568 new homes. Harworth plans to sell further engineered land
parcels over the next ten to fifteen years as it builds out the
scheme which has a 3,890-home outline consent.
In a third transaction, the Company has sold 7.98 acres of land
at its Prince of Wales development in Pontefract to regional
housebuilder Avant Homes for the delivery of 89 homes. This is
Avant's third purchase at the 917-home consented scheme.
Owen Michaelson, Chief Executive of Harworth, said:
"These are three excellent individual deals for the business
that reflect two key fundamentals - the ongoing strength of the
Yorkshire property market; and the ongoing popularity of our
engineered land with housebuilders, with Taylor Wimpey, Barratt and
Avant all being repeat customers.
"The overall receipt also reflects the ongoing maturity of two
of our major developments, reflecting our skill as master
developers to create attractive new places to live and work."
-ENDS-
Enquiries:
Harworth Group plc
Owen Michaelson T: 0114 349 3131
Iain Thomson E: Investors@harworthgroup.com
FTI Consulting
Dido Laurimore T: 020 3727 1000
Richard Gotla E: harworth@fticonsulting.com
Eve Kirmatzis
NOTES TO EDITORS
About Harworth Group plc
Listed on the premium segment of the London Stock Exchange,
Harworth Group plc (LSE: HWG) is a leading regenerator of land and
property for development and investment which owns, develops and
manages a portfolio of approximately 21,000 acres of land on around
120 sites located throughout the North of England and Midlands. The
Group specialises in the regeneration of large, complex sites, in
particular former industrial sites, into new residential
developments and employment areas (harworthgroup.com).
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END
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