Joint venture for promotion of Midlands site

RNS Number : 3216T

Harworth Group PLC

13 November 2019

 

13 November 2019

LEI 213800R8JSSGK2KPFG21

 Joint venture for promotion of Midlands site signed

Harworth Group plc ("Harworth"), a leading regenerator of land and property for development and investment, has entered into a 50/50 joint venture with Hallam Land Management Limited ("Hallam"), part of Henry Boot plc, to promote a further strategic land opportunity in the Midlands for residential development.

Owen Michaelson, Chief Executive Officer of Harworth Group plc, said:

"This deal represents a further investment by Harworth in the Midlands, a clear reflection of the underlying strength of the local residential market.  We look forward to working with Hallam on this opportunity."

-ENDS-

Enquiries: 

Harworth Group plc	FTI Consulting
Owen Michaelson, Chief Executive	Dido Laurimore
Kitty Patmore, Chief Financial Officer	Richard Gotla
Iain Thomson, Head of Communications & IR	Eve Kirmatzis
Tel: [phone] [e-mail]	Tel: [phone] [e-mail]

NOTES

This is the second of two planned joint venture arrangements between Hallam and Harworth, the first of which was the subject of a Regulatory News Service announcement on 29 October 2019. 

ABOUT HARWORTH GROUP PLC

Listed on the premium segment of the main market, Harworth Group plc (LSE: HWG) is a leading regenerator of land and property for development and investment which owns, develops and manages a portfolio of approximately 20,000 acres of land on around 120 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 developments and employment areas (harworthgroup.com).

 

END

 

 

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