Harworth secures 267,000 sq ft of I&L lettings
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HARWORTH GROUP PLC
('Harworth' or the 'Group' or the 'Company')
Harworth secures 267,000 sq ft of I&L Investment Portfolio lettings, delivering £2.5m of annualised rent, including £1.6m at Droitwich 170
· 169,400 sq ft letting at Droitwich 170 with UK logistics provider, Uniserve, on 10.25 year term-certain lease
· Since 1 July 20251, five lettings of vacant space have completed across 267,000 sq ft, at rents of £9.28 psf2, and 1.4% ahead of ERVs
· Investment Portfolio EPRA vacancy reduced to 1.0%; Droitwich in Worcestershire, the Advanced Manufacturing Park, Catalyst and completed units at Gateway 36, in South Yorkshire all now 100% occupied
Harworth Group plc (LSE: HWG), a leading regeneration and strategic land owner and developer, has secured 267,000 sq ft of Industrial & Logistics ('I&L') lettings on previously vacant space, in its Investment Portfolio since 1 July 20251. These transactions contribute to a reduction in the Investment Portfolio EPRA vacancy to 1.0% (H1-2025: 4.9%) and deliver an additional £2.5m in annualised rental income, equating to £9.28 psf2, 12.6% ahead of the H1-2025 Investment Portfolio Grade A headline rent of £8.24 psf2.
Lynda Shillaw, Chief Executive of Harworth, commented: "Our asset management team has secured several significant lettings, most notably at Droitwich, our largest single-unit speculative development, which only reached practical completion in August. Our network and market intelligence has enabled us to successfully capitalise on the strong demand for Grade A space in our regions, bringing the portfolio to near full occupancy, setting new headline rents and demonstrating the portfolio's reversionary potential.
"Our strategy of growing our I&L Investment Portfolio by building out our consented pipeline of 8.7m sq ft3 is bearing fruit. Achieving 100% occupancy at Droitwich, the Advanced Manufacturing Park, Catalyst and Gateway 36 is a strong endorsement of this strategy, the quality of our product, and location of our sites as we optimise delivery opportunities across our consented land bank."
1. Gateway 36 (Barnsley) letting of 50,000 sq ft on previously vacant space completed on 15 September 2025 and was included in H1-2025 results announcement as part of the post-period end events.
2. Weighted average headline rent
3. As at 30 June 2025.
-ENDS-
For further information
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Harworth Group plc |
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Lynda Shillaw (Chief Executive) Kitty Patmore (Chief Financial Officer) Juliana Weiss Dalton (Investor Relations) |
T: +44 (0)114 349 3131 |
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FTI Consulting |
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Dido Laurimore Richard Gotla Eve Kirmatzis |
T: +44 (0)20 3727 1000 |
About Harworth
Harworth Group plc (LSE: HWG), is a leading regeneration and strategic land owner and developer focused on the Industrial & Logistics (I&L) and Residential sectors. We own, develop, and manage a portfolio of over 15,000 acres of Strategic Land over 100 sites located throughout the North of England and Midlands. We specialise in delivering long-term value for all stakeholders by regenerating large, complex sites, into new I&L developments and serviced remediated land for sale into the I&L and Residential land markets. Our long-term through-the-cycle business model is to create sustainable places, support new homes, jobs and communities where people want to live and work. Visit www.harworthgroup.com for further information. LEI: 213800R8JSSGK2KPFG21
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