Update on Logistics North

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 £22.5 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 £22.5 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: [e-mail]
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

 

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