Harworth Group PLC Update on Logistics North (7835S)
28 December 2016 - 6:00PM
UK Regulatory
TIDMHWG
RNS Number : 7835S
Harworth Group PLC
28 December 2016
Harworth sells further plot at Logistics North
Harworth Group plc ("Harworth" or the "Company"), the brownfield
regeneration and property investment specialist, has today
completed the sale of 43.71 acres at its flagship Logistics North
development to a leading company for GBP22.5 million.
Highlights
-- Harworth has completed the freehold sale of 43.71 acres at
its flagship Logistics North development in Bolton to a leading
company for a gross purchase price of GBP22.5 million
-- Adjacent to Junction 4 of the M61, Logistics North provides
the ideal location for a regional distribution facility for the
purchaser as this leading firm expands its North West presence
-- The deal is the sixth at Logistics North, following freehold
land sales to Aldi, MBDA, Joy Global and Exeter Property Group and
Harworth's forward funding agreement with M&G to build two
large commercial units on their behalf
Commenting on the sale Owen Michaelson, Chief Executive Officer,
said:
"With its excellent accessibility, Logistics North has
established itself as one of the North of England's leading
distribution locations. We are delighted to welcome this leading
company to Logistics North as the benefits of the remediation and
masterplanning undertaken previously continue to yield results for
both Harworth and the site's occupiers."
-ENDS-
Enquiries:
Harworth Group plc T: 0114 349 3160 / 07825 860215
Iain Thomson E: ithomson@harworthgroup.com
Cardew Group T: 020 7930 0777
Emma Crawshaw/Shan Shan Willenbrock
/Emma Ruttle
About Harworth Group
Listed on the main market, Harworth Group plc is one of the
leading regeneration specialists in the UK. Harworth owns and
manages over 22,000 acres of land across 150 sites, ranging from
residential development land to commercial properties, low-carbon
energy schemes and agricultural estates.
Harworth is best known in the North West for delivering
Logistics North, the region's largest live commercial development
where 4 million sq. ft of consented space will be developed over
250 acres in Bolton and includes Aldi's North West headquarters and
distribution centre.
www.harworthgroup.com
www.logisticsnorth.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISFELFFLFMSELE
(END) Dow Jones Newswires
December 28, 2016 02:00 ET (07:00 GMT)
Harworth (LSE:HWG)
Historical Stock Chart
From Apr 2024 to May 2024
Harworth (LSE:HWG)
Historical Stock Chart
From May 2023 to May 2024