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Hargreaves Servs PLC (HSP)

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Tuesday 06 April, 2021

Hargreaves Servs PLC

Further Developments at Blindwells

RNS Number : 3147U
Hargreaves Services PLC
06 April 2021
 

 

Hargreaves Services plc

("Hargreaves" or the "Group")

 

Further Developments at Blindwells

Sale of 2.9 acres to Cruden Homes

 

Hargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, announces the completion of the sale of a further phase of land at Blindwells, its major 1,600 unit residential development site near Edinburgh.

 

Following the completion of the first sale of land at Blindwells to Bellway in January and the subsequent announcement of the conditional sale to Persimmon of another 12.9 acre parcel, Hargreaves Land has now completed the sale of 2.9 acres to Cruden Homes. This phase provides 60 affordable homes.

 

The initial sale consideration of this phase is c.£0.5m, payable on completion, with some potential deferred consideration following final agreement of abnormal costs.

 

Note: Blindwells is a major development site of around 150 acres owned by Hargreaves. Located less than 15 miles east of Edinburgh, enabling infrastructure is being carried out progressively by Hargreaves Land to enable the phased sale of residential parcels at Blindwells. The site has outline planning permission for 1,600 homes. Further information is available at www.blindwells.co.uk .

 

For further details:  

 

Hargreaves Services

Gordon Banham, Chief Executive Officer

John Samuel, Group Finance Director

 

www.hsgplc.co.uk

Tel: 0191 373 4485

Walbrook PR (Financial PR & IR)

Paul McManus / Lianne Cawthorne

 

Tel: 020 7933 8780 or [email protected]

Mob: 07980 541 893 / 07584 391 303

 

N+1 Singer (Nomad and Joint Corporate Broker)

Sandy Fraser/Justin McKeegan/Rachel Hayes

 

Tel: 020 7496 3000

Investec (Joint Corporate Broker)

Sara Hale/David Anderson/Shalin Bhamra

Tel: 020 7597 5970

 

 

 

About Hargreaves Services plc ( www.hsgplc.co.uk )

Hargreaves Services plc is a diversified group delivering services to the industrial and property sectors, supporting key industries within the UK and South East Asia. The Company's business segments are Distribution and Services, Hargreaves Land and Hargreaves Services Europe Limited, which owns the Group's investment in a German joint venture. The largest segment is Distribution and Services, which provides materials handling and contracting services and logistics to a range of different business sectors together with specialist earthworks for major infrastructure projects. The property business is focused on the development of brownfield sites for both residential and commercial purposes. Hargreaves was formerly a coal mining company but ceased all mining activities in July 2020.

 

Offering a unique range of skills and services, Hargreaves provides unrivalled performance across their business in the Distribution, Services and Property Development sectors. Hargreaves is headquartered in County Durham and has operational centres across the UK, as well as in Hong Kong and a joint venture in Germany.

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