The December transactions comprised six land parcel sales in Yorkshire and the Midlands to four housebuilders, and the group’s first forward funding agreement with a registered provider as part of Harworth’s affordable housing portfolio.

The total headline sales price for these transactions was £41.2m and all were completed at prices in line with, or ahead of, book values.

The largest of the disposals was the whole of a site in Killamarsh, Derbyshire, which has been sold jointly to both Harron Homes and Homes by Honey.

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In the first half of 2023, an outline planning consent was secured to develop up to 397 family homes at the site.
Harworth will provide a trading update in respect of the year ended 31 December 2023 later this month. 

Lynda Shillaw, CEO at Harworth, commented: “Our large number of residential land sales at the end of 2023, all in line with or ahead of book values, demonstrates the continued strong demand for Harworth’s de-risked serviced residential land product from a wide range of housebuilders, and we are seeing strong sales momentum as we move into 2024.

“We are also pleased to have completed our first forward-funding agreement for our affordable housing portfolio, proving the appeal of our mixed tenure model.

“We look forward to working with our partners to deliver much-needed new homes across these regions.”