HWG Harworth Group Plc

The Q4 disposals were sold to national and regional housebuilders as well as registered providers of affordable housing and the total headline sales value was £71.7 million, plus additional PPA promote fees of £0.4 million

Residential plot sales of 2,385 for the year (2023: 1,170) are in line with the Group's strategic target of 2,000 plot sales per year on average and represents Harworth's strongest Residential sales performance to date

The sales, totalling a headline sales value of £104.1 million, were broadly in line with, or ahead of, June 2024 book values

The Group's extensive Residential land pipeline now totals 31,264 plots, and with 15% of that pipeline already consented, Harworth is well positioned to support delivery of the UK's housing targets across our regions

Achieving this volume of sales highlights the success of the Group in delivering on its strategic objective of accelerating Residential sales and broadening the range of Residential products, including the conclusion of the Group's third forward funding development agreement to deliver a total of 287 affordable homes. These sales continue to evidence the strong demand for Harworth's high quality serviced Residential land, and the proceeds are used as a source of funding for enabling investment into the Group's Industrial & Logistics developments, land acquisitions, and partnerships to drive future growth.

Alongside these land sales, the Group has also made Residential acquisitions to re-fill its pipeline, ensuring it is able to continue to operate at scale and to drive further value creation for stakeholders. These acquisitions include land at Stewartby, with a planning approval for 1,000 plots, and, in Strategic Partnership with landowners, part of an allocated site near Grimsby, for 3,044 plots. These bring the Group's extensive Residential pipeline to 31,264 plots, of which 4,568 are already consented.

The largest Residential transaction in Q4 was at Harworth's Coalville development in Leicestershire, for 357 plots to Taylor Wimpey. The wider development occupies a 336-acre site and has outline planning consent for more than 2,000 homes, with land now sold for over 66% of these, together with a new supermarket, a 21-acre country park and a new 420-place forest primary school which has just been completed.

At Simpson Park, Nottinghamshire, the Group sold 530 plots to Stonebridge and Bellway Homes, bringing the total plots sold to 1,159. Upon completion, the development is expected to include a mix of over 1,300 new Residential homes, retail and employment uses, a family pub, link road, open space and significant green infrastructure which all support the ongoing regeneration of the towns of Harworth and Bircotes.

At Moss Nook, Merseyside, the Group completed sales of 295 plots to Torus, who will deliver a mixture of Build-to-Rent and Affordable Housing plots, bringing the total plots sold to 551. Alongside plans to deliver up to 900 new homes, this development includes a major spine road through the site that provides a safe and direct route to and from the town centre from the southwest of St. Helens, addressing local congestion issues.

At Pheasant Hill Park, located on the former Rossington colliery site in South Yorkshire, the Group completed sales of 282 plots to Homes by Honey and Great Places, bringing the total plots sold to 927. This development forms a key part of a wider 'Gateway to the Sheffield City region' programme that is a game-changing proposition for Yorkshire's economy. Upon completion, Pheasant Hill Park is expected to deliver up to 1,200 new homes in addition to a mix of commercial and community uses.