🏡 Harworth completes record 1,896 Residential plots in Q4 2024
We’re proud to announce that Harworth Group has completed an impressive 1,896 Residential plot sales in Q4 2024, achieving a headline sales value of £71.7 million. This brings our total for 2024 to 2,385 plots – more than double 2023’s total of 1,170 plots – with a headline sales value of £104.1 million. This exceptional performance reflects the growing demand for our de-risked, serviced Residential land and demonstrates the success of our strategy to accelerate delivery and expand our product range.
📊 Key Highlights:
• The Q4 disposals were sold to national and regional housebuilders as well as registered providers of affordable housing
• Residential plot sales of 2,385 for the year are in line with our strategic target of 2,000 plot sales per year on average and represents Harworth’s strongest Residential sales performance to date
• The sales, totalling a headline sales value of £104.1 million were broadly in line with, or ahead of, June 2024 book values
• The Group’s extensive Residential land pipeline now totals 31,264 plots, and with 15% of that pipeline already consented, Harworth is well positioned to support delivery of the UK’s housing targets across our regions
🌍 Supporting Growth and Sustainability
This success enables us to reinvest proceeds into our Industrial & Logistics developments, acquire new sites, and drive long-term value creation. We remain committed to delivering sustainable regeneration schemes and placemaking, evidenced by our collaborative efforts with strategic partners and our diverse range of housing products.
📌Key Transactions in Q4:
• 357 plots at our Coalville development in Leicestershire to Taylor Wimpey.
• 530 plots at Simpson Park, Nottinghamshire, to Stonebridge and Bellway Homes.
• 295 plots at Moss Nook, Merseyside, to Torus, including Build-to-Rent and Affordable Housing.
• 282 plots at Pheasant Hill Park, South Yorkshire, to Homes by Honey and Great Places.
We’re thrilled to be playing a pivotal role in creating vibrant new communities across the UK and contributing to the delivery of much-needed, high-quality housing.
📅 Mark your calendars – Stay tuned for our Trading Update on 28 January 2025 and Preliminary Results on 18 March 2025.
Read full story here: https://lnkd.in/eVGqyMrq
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