Sale of strategic land for £ 54million for Harworth Group


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Real estate firm Harworth Group has traded contracts to sell its strategic site in Antsy, Warwickshire to SDI Propco for £ 53.5million.

The sale is conditional on the granting of a hybrid building permit for the 278-acre site which is adjacent to junction 2 of the M6 ​​with a value of almost £ 30million before the site’s appraisal on 30 June.

Rotherham-based Harworth acquired the site in October 2019 and has undertaken land assembly work for the past two years.

Lynda Shillaw

Lynda Shillaw, Managing Director of Harworth, said: “Our Ansty site demonstrates Harworth’s unique skills in acquiring and assembling land in locations that are strategic employment hubs in the regions in which we operate. let’s operate.

“By working with a large strategic occupant, this sale allows us to accelerate the delivery of this site. The proceeds will be recycled as the development activities progress at our sites and in the completion of acquisitions, such as the Rothwell site which we acquired last month.

“In addition to our strong sales activity at our major development sites in the last quarter of 2021, these transactions underscore how we are already implementing our recently announced strategy to double the size of our business in the five to seven. coming years. “

This is the latest transaction for the real estate business that focuses on land regeneration and sustainability, having recently sold a 24-acre industrial project in Barnsley and the former Kellingley mine site.

The sale comes as the company continues to benefit from demand for discounts and beds, with shares at a nine-year high and currently sitting at 177.50 pence per share.