Harworth Group plc’s Post

🏡 Taylor Wimpey on Track to Meet 2024 Profit Targets Amid Strong Housing Demand 🏡 Taylor Wimpey remains on course to meet its 2024 targets, expecting around 10,000 home completions and a projected operating profit of £416 million by year-end. With robust demand, an order book now standing at £2.2 billion (up from £1.9 billion last year), and increased weekly private sales, the company is well-prepared for growth in 2025. Chief Executive Jennie Daly commented, “With a strong balance sheet, well-located land, and an experienced team, we’re well-positioned for growth from 2025, provided market conditions support it.” Key Points: ➡️ Sales Growth: Weekly private sales per outlet rose from 0.51 to 0.70 in the second half of 2024. ➡️ Expanding Order Book: Focus on building further capacity and enhancing value through strategic land investments. ➡️ Strategic Land Positioning: With 79,000 short-term plots and a 136,000-plot strategic landbank, Taylor Wimpey is well-placed to take advantage of upcoming planning reforms. RBC analyst Anthony Codling adds, “Taylor Wimpey is performing well despite a challenging market and is wisely positioned to benefit from likely changes to the planning system.” With solid foundations and a proactive approach, Taylor Wimpey is poised for a strong end to 2024 and beyond. #TaylorWimpey #HousingMarket #Property #UKHousing #StrategicGrowth

CMHC reported that Canadian home prices will reach the peak pandemic levels of 2022 at some point in 2025 (the report assumes interest rate declines). My thoughts went to the rental market💭…What are the scenarios for both investors and renters? 📈 One-off investors for rental purposes have seen cash flows dry up due to rapid rise in interest rates (outside the multi-family market) 🙊Amateur investors probably got caught thinking rates stay low and housing prices continually increase 🏘️ The professional investor, who manages multiple properties with a long term view on these investments, is managing fairly well 💡And why do the professional investors fair positively? - They plan for tough times & impacts - Tenants who continue to make payments - A view of this market as an opportunity to buy more property given that large Canadian cities are turning into rental cities So; my question… are the glory days of housing investments over? Or is it just over for a certain segment of investor? At Glasslake Funding we love rentals. 3 simple reasons: 1️⃣ Long-term performance of rental properties are good. At times, they slightly outperformed the owner occupied market. ️2️⃣Stable and increasing rents allow for a simple underwrite - using cash flows and applying a debt coverage analysis 3️⃣ Our belief that the rental market will continue to grow and that the seasoned investor is a solid credit risk What are your observations on impacts to investors/ renters? . . #3series #mortgageconversations #lenderthoughts

The Melksham property market is showing surprising resilience despite recent economic challenges, particularly with the expected surge in cash buyers not making as much of an impact as anticipated. While many believed cash buyers would dominate in a high-interest-rate environment, Melksham continues to see balanced activity across the board. For an in-depth analysis of what's driving these trends and how it could impact your next move, click on this link to read my article >> https://lnkd.in/eHkWCzmG

HOW DO I ACHIEVE ALL MONEY OUT DEALS…. Over the past two years, I’ve successfully transformed 10 residential properties into highly profitable HMOs (House in Multiple Occupation), which provide a consistent and substantial cash flow. I partner with high-net-worth investors into our five-year investment strategy. This allows us to access larger properties and take advantage of economies of scale. We leverage our expertise in property development, extensive network of contractors and suppliers, and market insights to purchase properties in high-demand areas, then convert them into large, high-yielding HMOs. These properties are upgraded to meet local licensing requirements and are designed to attract tenants from the social housing sector. Before the conversion is even completed, we secure long-term rental contracts—usually with social housing providers or local authorities—often for a minimum of 5 years. These long-term agreements provide a level of income certainty that is highly attractive to both investors and lenders, making the property eligible for commercial mortgages. The ability to secure a long-term rental contract upfront means we can release a significant amount of equity once the property is completed and tenanted through commercial mortgages. This “recycling” of capital is one of the key strategies in our business model. By extracting equity early, we can reinvest it into additional projects, accelerating growth and increasing the overall value of our portfolio. This strategy not only delivers strong returns for investors but also creates a sustainable and scalable property business model. #RealEstateSuccess #PropertyInvestment #FinancialFreedom #EquityRelease

📰 HARWORTH NEWS Harworth today announced its half year results, with strong NDV and Total Return growth, the business is well positioned for increased development and investment activity in the Industrial & Logistics sector. An analyst and investor webcast will be held at 9.30am today (registration link included in the announcement), but we’ve included the highlights here. • EPRA NDV increased 3.5% to £687.0 million (31 December 2023: £662.9 million) with the Group on track to reach £1 billion by the end of 2027 • Total return of 4.0% (H1 2023: 0.1%) • Operating profit increased 164% to £21.1 million (H1 2023: £8.0 million) • Net LTV of 9.8%, available liquidity of £154.2 million and net debt of £80.5 million reflecting the profile of higher drawdown mid-year • Extensive existing land pipeline has the potential to deliver 38.8 million sq. ft. of Industrial & Logistics space and 26,639 plots for new homes • Planning permission achieved for 1.8 million sq. ft. and 500 plots, plus a further 1.5 million sq. ft. and 500 plots post period end, alongside new draft allocations or allocations in local plans for 5.7 million sq. ft. and 2,875 plots • Completed, exchanged, or in heads of terms on 145% of budgeted land sales for the year Lynda Shillaw, Chief Executive of Harworth Group, commented: “Harworth continues to consistently deliver strong progress against its strategic objectives and we remain on track to reach £1 billion EPRA NDV by the end of 2027. In June we announced that the Group would increase its focus on Industrial & Logistics direct development, with an intention to grow the Investment Portfolio, through direct development and selective acquisitions, to £0.9 billion by the end of 2029. This reflects the opportunity we see to deliver into a sector which is key to economic growth and where there is critical undersupply of high-quality space, in order to grow recurring income and underpin sustainable shareholder returns. “The first half saw significant progress on planning approvals, adding further capacity to our near-term Industrial & Logistics pipeline and driving a strong revaluation performance. We are ahead of budget for land sales, with the standout transaction, as well as our largest sale to date, being the conditional £106.6 million serviced land sale to Microsoft at Skelton Grange, announced in June. The sale of serviced land provides a stable funding channel for the planned growth in our Industrial & Logistics development programme. “Sustained demand for Harworth’s serviced land and employment spaces, alongside management actions, has underpinned EPRA NDV growth of 3.5% and we expect further growth in the second half as we continue to develop out our existing sites. Read more here: https://lnkd.in/eqA879cj #halfyearresults

Growth. If rates aren't going to drop anytime soon, growth is what commercial real estate needs. Positive absorption, reduced concessions, improved delinquency, lower vacancy. These grow revenue without increasing rents. Stability in operating fundamentals will set the table for increased transaction volume and improved valuations.

💰 6.5% YIELD HUGE CORNER BLOCK UNDER $350K WITH GRANNY FLAT / FUTURE SUB-DIVISION POTENTIAL! 🏠 ✅ Yield Can Rise To c.10% With Granny Flat When Needed 💲 ✅ Zero Vacancy - Leased Prior To Settlement ✅ Two Properties In Two Months! ✅ No Confidence >> Fully Confident! ✅ Bought Interstate TWICE WITHOUT A Buyers Agent (Total Fees Saved = $30,000) 😱 🕒 Right time to buy property? Yes, if you know Where & How! 📈 How? ... through the Property Investment Accelerator 👇❤️ Check Out Tejas Thacker's Property & Let's Congratulate Him In Comments! Purchase Price: $345,000 Total Funds Required: <$60,000 Rent Per Week: $430 Short + Long Term Growth? 30-35 Strong Data Factors! Vacancy Rate: 0.46% Block Size: 742sqm Bought Interstate? Yes QLD Caught Any Flights? No! Built Team & Had Local Due Diligence Done? Yes ✔️ Self Sufficient To "Rinse & Repeat"? Yes 😃 Building PASSIVE INCOME? YES! 👍💰 😕 There's too much mis-information online. Easy to make mistakes ✅ But DATA doesn't lie. Neither do numbers. Nor do results 🏠 DATA + MENTORING can truly accelerate your property investment journey 💨 The science of property investing is easily learnable, QUICKLY ❤️👏 Join me in CONGRATULATING Tejas ! 🛑 Don't risk "giving the keys" to your financial future to someone else. 🛑 Don't become dependent on a property company for every single property purchase. 🛑 Don't pay a Buyers Agent $15k to send you properties off RealEstate & Domain. 🛑 Don't be fooled into an ineffective 'bait & switch" course from a Buyers Agent that "upsells" you to their full service. 🛑 No one cares about your money as much as you do. 💪 If you want these results (it's MAY), you can learn how to do this too - it takes less time than you think. 👀 I post MEMBER RESULTS FIVE Times A Week. Go back and look at HUNDREDS before and watch out for the next one! Purchased: October 2023 07/05/2024*

Australian Property Update - September 2024 🔔 Annual Growth Rate Slows: While still significant at 7.1%, the annual growth rate has decelerated for six consecutive months. 🔔 Affordable End of the Market Outperforms: The cheapest 25% of the market saw stronger growth compared to the more expensive upper quartile. 🔔 Perth Leads the Capitals: Perth once again led in capital growth, both quarterly and annually. 🔔 Sales Activity Remains Strong but Time on Market Lengthens: Sales volumes are above last year's levels, but properties are taking longer to sell, especially at the national level. Full Report below 👇 #propertyfinance #interestrates #residentialproperty #corelogic

💰 6.1% YIELD UNDER $400K QLD DEAL GROWS $107K IN 10 MONTHS - TWO PROPERTIES IN ONE YEAR! 🏠 ✅ Enough Growth For Another Property Deposit! 💸 ✅ Massive 832sqm Land 💰 ✅ Low Maintenance: Recently Renovated ⏰ ✅ No Confidence >> Fully Confident! ✅ Bought Interstate TWICE WITHOUT A Buyers Agent (Total Fees Saved = $15,000) 😱 🕒 Right time to buy property? Yes, if you know Where & How! 📈 How? ... through the Property Investment Accelerator 👇❤️ Check Out Prabhjot Juneja's 2nd Property & Let's Congratulate Him In Comments! Purchase Price: $381,000 Total Funds Required: <$70,000 Rent Per Week: $450 Short + Long Term Growth? 30-35 Strong Data Factors! Vacancy Rate: 1% Block Size: 832sqm Bought Interstate? Yes QLD, From Sydney Caught Any Flights? No! Built Team & Had Local Due Diligence Done? Yes ✔️ Self Sufficient To "Rinse & Repeat"? Yes 😃 Building PASSIVE INCOME? YES! 👍💰 😕 There's too much mis-information online. Easy to make mistakes ✅ But DATA doesn't lie. Neither do numbers. Nor do results 🏠 DATA + MENTORING can truly accelerate your property investment journey 💨 The science of property investing is easily learnable, QUICKLY ❤️👏 Join me in CONGRATULATING Prabhjot ! 🛑 Don't risk "giving the keys" to your financial future to someone else. 🛑 Don't become dependent on a property company for every single property purchase. 🛑 Don't pay a Buyers Agent $15k to send you properties off RealEstate & Domain. 🛑 Don't be fooled into an ineffective 'bait & switch" course from a Buyers Agent that "upsells" you to their full service. 🛑 No one cares about your money as much as you do. 💪 If you want these results (it's NOVEMBER!), you can learn how to do this too - it takes less time than you think. 👀 I post MEMBER RESULTS FIVE Times A Week. Go back and look at HUNDREDS before and watch out for the next one! Purchased: December 2023 15/11/2024*

Good (and by good, I mean short!) read on the challenges facing the commercial real estate market overall and the industrial sector specifically.