Harworth Group provides economic boost for Advanced Manufacturing Park in South Yorkshire

Harworth Group, which is a major regenerator of land and property for development and investment, said it had achieved strong strategic and operational momentum in early 2023.
By Greg Wright
Published 23rd May 2023, 07:39 BST

Harworth revealed that 110,000 sq. ft of Grade A space had been developed so far this year at the Gateway 36 scheme in Barnsley, which is 35 per cent let “with strong occupier interest for the remaining space”.

The company also said it was working on-site with a further 93,000 sq. ft at the Advanced Manufacturing Park (AMP) in Rotherham, which is due to reach practical completion in the autumn.

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The statement added: “Construction will commence shortly of an additional 73,000 sq. ft pre-let and built-to-suit unit at the AMP, and preparation works are underway to deliver a further 1.8m sq. ft across the portfolio.”

In a statement for investors, Lynda Shillaw, Chief Executive of Harworth, commented: "Harworth has had strong strategic and operational momentum so far in 2023."In a statement for investors, Lynda Shillaw, Chief Executive of Harworth, commented: "Harworth has had strong strategic and operational momentum so far in 2023."
In a statement for investors, Lynda Shillaw, Chief Executive of Harworth, commented: "Harworth has had strong strategic and operational momentum so far in 2023."

Harworth confirmed that occupier interest remains strong across all its direct development sites. The strategic land pipeline continues to grow, with acquisitions representing 1.1m sq. ft of industrial & logistics space completed in the year to date.

The statement, issued to at the group’s annual general meeting, said: “Planning applications representing 2,040 housing plots and 7.4m sq. ft of space are currently progressing through the planning system and are awaiting determination.”

Lynda Shillaw, the chief executive of Harworth, commented: "Harworth has had strong strategic and operational momentum so far in 2023, against a backdrop of robust demand for serviced and therefore de-risked residential land as well as industrial and logistics assets.

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"We have made significant sales from our investment portfolio in line with December 2022 valuations which, combined with our direct development of new places, means we are making good progress towards transitioning this portfolio to 100 per cent Grade A.

Ms Shillaw added: "Our sustained progress with acquisitions, planning and development across our landbank, as well as our strong financial position, means we are well positioned to continue to drive value for stakeholders and deliver sustainable places where people want to live and work."

Related topics:Barnsley