Harworth Group PLC Harworth Group acquires regeneration site

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Harworth Group PLC

14 December 2015

Harworth Group Plc

Harworth acquires major Doncaster regeneration site

Harworth Group plc ("Harworth Group" or "Harworth"), the UK property regeneration company, announces the acquisition of a 112-acre site in Doncaster for GBP8.5 million.

The site, close to Doncaster town centre on Wheatley Hall Road, consists of 77 acres of vacant land and nearly 200,000 sq. ft of existing employment space. Acquired out of receivership, the site benefits from an existing planning permission for 800 new homes, 200,000 sq ft of industrial space and a variety of other uses. Harworth will refresh the existing masterplan in order to create a major mixed-use regeneration scheme.

This acquisition is Harworth's fourth over the past 12 months, following the purchases of the 162-acre former Skelton Grange power station in Leeds, the 320-acre former aluminium smelter in Lynemouth, Northumberland, and Sinfin Lane Industrial Estate in Derby, replenishing and building on Harworth's strategic landbank for the medium and longer term.

Owen Michaelson, Chief Executive of Harworth Group, said: "This is an exciting acquisition for Harworth, adding to our already significant landbank in Doncaster. It is well connected close to the town centre and sits adjacent to the River Don, underpinning its potential as a high-quality, mixed-use development site. We look forward to working closely with Doncaster Council on this development, and reinforcing our track record of delivering long-term regeneration across Yorkshire and the north of England".

-ENDS-

Enquiries:

   Harworth Group plc                                                        [phone] 

Owen Michaelson, Chief Executive

   Cardew Group                                                                  [phone] 

Anthony Cardew / Emma Crawshaw

Notes to Editors:

Harworth Group Plc is a leading property and development company, owning and managing a portfolio of some 27,000 acres of land across approximately 200 sites located throughout the North of England and the Midlands. The Company specialises in the regeneration of former coalfield sites and other brownfield land into employment areas, new residential developments and low carbon energy schemes.

http://www.harworthgroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

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December 14, 2015 02:00 ET (07:00 GMT)