Harworth completes 964 residential plot sales in December 2023

Harworth Group plc, a leading regenerator of land and property for sustainable development and investment, has revealed that in December 2023 it completed 964 residential plot sales, to bring its total for the year to 1,170.

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.

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.”

Leave a comment