The Chief Exec of land and property developer Harworth says the company is confident of its ability to reach a £1 billion EPRA NDV target by the end of 2027.
In a trading update on the back of a strong performance in 2024 Lynda Shillaw said: “We have an extensive platform to scale the business, owning and controlling a sizeable land pipeline, capable of delivering 33.6 million sq. ft. of Industrial & Logistics space and 31,264 new homes, and we remain well positioned in structurally undersupplied sectors that are fundamental to the UK’s economic growth.
“With low debt and high available liquidity, we are well placed to take advantage of opportunities whilst remaining resilient through the near-term macro-economic uncertainty.
“The consistency of Harworth’s performance over time continues to highlight the agility and resilient nature of our business model, and our team’s expertise in identifying and driving significant latent value from the portfolio.
“We continue to make solid progress in delivering our strategy and are confident in our ability to continue to drive both strong returns and long-term value from our landbank and development activities.”
