Midlands JV created to promote strategic site

RNS Number : 3938R

Harworth Group PLC

29 October 2019

 

29 October 2019

LEI 213800R8JSSGK2KPFG21

 Midlands Joint Venture created to promote strategic site

Harworth Group plc ("Harworth"), a leading regenerator of land and property for development and investment, is pleased to announce that it has entered into a joint venture to pursue a strategic land opportunity in the Midlands as it continues to grow its long-term land pipeline for new residential and commercial development.

Harworth has entered into a 50/50 joint venture with Hallam Land Management Limited ("Hallam"), part of Henry Boot plc, with a view to promoting and developing a mixed-use strategic land opportunity in the Midlands. 

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

"This deal represents the continued expansion further south of our strategic land bank, leveraging the value brought by our regional operating model.  We look forward to working with the Hallam team on this new opportunity."

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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]

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).

 

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