Yorkshire property business Harworth Group has announced record residential plot sales in its fourth quarter, helping to double plot sales for the year to £104.1m.
The Rotherham-based company, which specialises in regeneration of land and property for sustainable development and investment, completed 1,896 residential plot sales worth £71.7m in the final quarter of 2024. The record figure brings total residential plot sales for the year to 2,385, up from 1,170 plots, with a total headline sales value of £104.1m – almost doubling the previous year’s figure of £52.1m.
The group said the volume of sales reflects continued strong demand for Harworth’s residential land product, as well as success on its strategy to accelerate delivery of residential sites and broaden its range of products. It said the sales were broadly in line with, or ahead of, the June 2024 book values, and that its residential land pipeline now totals 31,264 plots, with 15% already consented, putting it on track to support delivery of the UK’s housing targets across its regions.
Key transactions within the housing sector last year included its largest deal at its Coalville development in Leicestershire, where it sold 357 plots to Taylor Wimpey, and at Simpson Park, Nottinghamshire, where the group sold 530 plots to Stonebridge and Bellway Homes. Meanwhile at Pheasant Hill Park based on the former Rossington colliery site in South Yorkshire – a key part of a wider Gateway to the Sheffield City region project – the group completed sales of 282 plots to Homes by Honey and Great Places, bringing the total plots sold to 927.
Lynda Shillaw, chief executive of Harworth Group, said: “Throughout the year we continued to see healthy demand for our high quality de-risked serviced land, and notably we also completed two major land sales at our Skelton Grange and Ansty developments in December, for £106.3m. The proceeds from these sales will be reinvested into our Industrial & Logistics development programme to continue creating value for our stakeholders.
“We are committed to delivering sustainable regeneration schemes, creating new communities in our regions, and supporting delivery of much needed high quality housing in the UK by accelerating delivery at our sites and broadening the range of our mixed tenure products, the latter seeing 582 of the year’s plots sales to affordable housing providers. Our approach to placemaking and strong collaboration with strategic partners is key to success on these developments, and our extensive consented pipeline of 4,568 plots positions us well to continue supporting growth in the UK.”
Original artice – https://business-live.co.uk/all-about/yorkshire-humber
