Overall the regeneration, land owner and developer completed 25 transactions last year with £58.2m realised in industrial and logistics properties and £52m in residential sites.
The latter involved 1,837 total plots which was in-line with the four-year average and business plan expectations on the back of 2024’s sales activity.
A further 746 plots are conditionally exchanged, with 155 plots expected to complete imminently.
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"Our disciplined disposal and recycling programme in conjunction with our self-imposed target LTV of below 20% at year-end remains fundamental to our capital allocation plan to unlock value for our sites,” said Lynda Shillaw, CEO at Harworth (pictured above).
“In line with our ambition for the total portfolio to be 85% weighted to I&L, we are reinvesting proceeds primarily into I&L opportunities and expanding our development pipeline as a key driver of growth.”
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