Harworth Group plc’s Post

🚀 Delighted to report the completion of the first phase sale, ‘Plot 1’, at our Skelton Grange site in Leeds to Microsoft for £53.4 million. This sale represents another significant step in transforming the former Skelton Grange power station site into a hub of sustainable development, supporting inward investment and economic growth. 🚀 Upon completion, the site is set to deliver: 🏢 250,000 sq. ft. of Grade A Industrial & Logistics space ⚡ A hyperscale datacentre and Battery Energy Storage System (BESS) 🌍 A renewable energy facility and 28 acres of natural habitat Thanks Adam Cookson, Dave Robinson & Cushman & Wakefield for agency work on the deal & a big thanks to Tom Johnson & Pinsent Masons for tireless legal support. Jonathan Haigh Robert Cole

🏗️ Preleased Space – Guaranteed Future Income Why wait for construction to finish when you can secure future income now? Preleased spaces are properties leased to tenants before construction starts, providing financial stability. Connect with a Century 21 Commercial Triangle Group agent today to learn more! 📲 #InvestmentOpportunities #RealEstateTips #PreleasedProperty #Century21CommercialTriangleGroup

🚨 Exciting Update for NYC Property Owners! 🚨 As of last month, NYC has expanded eligibility for #CPACE financing! Now, new construction and major renovations—including all-electric buildings—qualify for funding. Retrofits leading to full electrification are also pre-qualified, eliminating SIR hurdles. At North Bridge, we handle #CPACE eligibility compliance for you, ensuring your project gets the financing it needs. #CPACE #NYC #Sustainability #EnergyEfficiency #NorthBridge

Earlier today, I gave testimony in front of the Austin City Council in support of pro-housing and zoning reform bills that would: - HOME Phase 2: reduce the lot size required to build one home - Equitable transit-oriented development overlay (ETOD): allow more homes, taller buildings, and mixed-use, walkable development near Project Connect’s future light rail - Compatibility reform: reduce height restrictions designed to keep multi-family homes far away from single-family homes While imperfect, these are steps toward creating a more walkable, transit-friendly, affordable, and sustainable Austin. This seems like a fitting time to say I’ll be returning to Washington, DC, in two short weeks and interning with the National Capital Planning Commission within their policy and research division for the Summer! The NCPC is the federal government’s central planning agency for the National Capital Region. Through planning, policymaking, and project review, NCPC protects and advances the federal government’s interests in regional development by providing planning guidance for federal land and buildings, reviewing project designs, overseeing long-range planning, and monitoring federal capital investments.

Ten Things We Learned From the Panel of Distinguished Commercial Real Estate Leaders Discussing The State Of Development In Our Region At CREW GC’s May Luncheon Program: With thanks to Tom Demeropolis, Cincinnati Business Courier, Peter Horton, CCIM, Terrex Development & Construction, Dan Neyer, Neyer Properties, Inc., John Bumgarner, Al. Neyer: 1.           The factors affecting the cost of development make it almost impossible to do new development; they are working on projects started years ago. There is a lot of construction, but not much development. 2.           While material costs have started to come down, the cost side and revenue side do not align due to the high cost of lending and labor. Revenues cannot meet these costs.  3.           Lenders will not loan on raw land; in the past developers put together large tracts and held onto them. 4.           Cincinnati needs more attainable housing and needs to find areas where higher density multifamily development will be accepted. 5.           Rezoning and approvals from the Army Corps of Engineers take too long. City Council is apprehensive about working with developers due to recent events. 6.           The City of Cincinnati and Hamilton County need to combine their resources and services. 7.           Electrical power requirements have greatly increased due to new industries and bringing manufacturing back to the US. 8.           The population growth in Indianapolis and Columbus is double/triple that of Cincinnati and these cities have more available land and incentives and the benefit of being state capitals which brings more funding for infrastructure improvements. 9.           Be patient and come to events like CREW’s luncheons to stay in touch with issues affecting development. 10.         We are incredibly fortunate to have leaders like these in our community who are willing to spend the time speaking, educating and encouraging progress in the commercial real estate industry and supporting CREW’s mission!

The City of Yes has officially passed—great news for NYC and the AEC industry! This citywide rezoning will: - Enable the creation of 80,000 new homes over the next 15 years. - Invest $5 billion in critical infrastructure and housing. Soon, you’ll be able to download zoning reports featuring the latest updates. Excited to see how this will shape the future of development in NYC!

A lot of talk lately about the potential opportunities coming up in the multiplex market, with new zoning allowing for up to 6 units to be built on a single family lot. Investors and contractors are foaming at the mouth, thinking that this could be the opportunity of a lifetime to turn major profits. From what we've heard around the industry, municipal fees and additional construction costs might cut into the profits in a big way. More to come on this topic soon! If you’re interested to learn more about the new zoning and building rules, check out this article from the Vancouver Sun: https://lnkd.in/g8SBXtzv

This is a great initiative, but quantity shouldn't surpass quality. 1.2 Million homes is a challenge on it's own, to do it in such a way the homes are energy efficient and adhere to new NCC standards is another. Currently Australian homes fall under the WHO 'safe temperature' standard (https://t.ly/tVUrD). It's time for Australia to adopt better building practices, and embrace trends that have worked in colder climates for decades. The goal is 1 Million homes by 2030, let's hope it doesn't become 1 Million tents..

Opportunity Zones are designated economically distressed communities where new investments may be eligible for preferential tax treatment. These zones are typically characterized by low income, high poverty rates, and limited access to capital. In a country starved for housing, I hope Qualified Opportunity Zones help increase the multi-family housing supply.

Should you keep your buildings all on one Freehold? The answer is - NO, you should never keep your apartments on one Freehold. Title Splitting early unlocks access to instant long term capital growth. By leaving all this capital in your block, you’re missing out on 25-35% Capital Uplift. Do you really want to be missing out on this highly profitable strategy? If not, I recommend you watch ‘Title Split Explained’ today and get started here: https://lnkd.in/gHA_i4bZ