Capital Markets Day

RNS Number : 8870O

Harworth Group PLC

15 June 2022

 

Harworth Group plc

("Harworth" or "the Company")

Capital Markets Day

Harworth Group plc, a leading regenerator of land and property for sustainable development and investment,

will today host a Capital Markets Day for institutional investors and analysts. The event will comprise a presentation by members of the Harworth management team and a tour of several sites in the Midlands region. The presenting team will include Lynda Shillaw (Chief Executive), Andrew Blackshaw (Chief Operating Officer), Jonathan Haigh (Chief Investment Officer) and David Cockroft (Regional Director for the Midlands).

The event will focus on Harworth's strategy to reach £1bn of EPRA NDV⁽¹⁾   by 2027, bas ed on four key drivers of growth and return:

· Increasing direct development of industrial & logistics sites;

· Accelerating sales and broadening the range of its residential products;

· Growing its strategic land promotion activities; and

· Repositioning its Investment Portfolio to Grade A.

Attendees will tour Harworth's Bardon Hill site in Leicestershire, where the Company is directly developing 332,000 sq. ft of Grade A industrial & logistics space, due for practical completion in August 2022. Harworth has recently exchanged contracts for two lettings at the site, representing total space of 152,000 sq. ft, with Charles Kendall Freight, an international freight forwarder, and Zwilling J.A. Henckels AG, a German kitchenware manufacturer and retailer. Harworth is in advanced letting negotiations regarding two further units at the site which, combined with the units currently exchanged, would represent 78% of the total space available at the development. This strong pre-letting progress underlines the ongoing robust demand for industrial & logistics products in Harworth's focus markets, which remain characterised by significant supply and demand imbalance.

No new material disclosures will be made at the event. The presentation will commence at 10:30am and will be webcast live at www.harworthgroup.com/cmd2022 , with presentation materials available for download at the same address. A replay of the webcast will be made available shortly after the event ends. There will be an opportunity to submit written questions online during the presentation.

(1)  European Public Real Estate Association (EPRA) Net Disposal Value: an adjusted net asset value metric that is one of Harworth's Key Performance Indicators.

For further information

Harworth Group plc
Lynda Shillaw (Chief Executive) Kitty Patmore (Chief Financial Officer) Tom Loughran (Head of Investor & Stakeholder Relations)	T: [phone] E: [e-mail]
FTI Consulting
Dido Laurimore Richard Gotla Eve Kirmatzis	T: [phone] E: [e-mail]

About Harworth

Listed on the Premium Segment of the Main Market, Harworth Group plc (LSE: HWG) is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of approximately 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments. Visit www.harworthgroup.com for further information.

LEI: 213800R8JSSGK2KPFG21

 

END

 

 

MSCGZGMVRDRGZZM