Rotherham-based land regenerator Harworth completed the last quarter of 2024 with housing plot sales of more than £71m, taking the total for the year to £104m – double the total for 2023.
The company says the sales volume reflects the continued strong demand for its de-risked serviced residential land product as well as evidencing success of the Group’s strategy to accelerate delivery of residential sites and broader range of products.
Alongside its Residential plot sales Harworth also completed land sales at Skelton Grange (Phase 1, 27 acres) and Ansty (278 acres), for total headline sales value of £106.3 million.
Harworth Group Chief Exec Lynda Shillaw said: “Harworth had a busy fourth quarter in 2024, concluding nine Residential land sales, comprising 1,896 plots for £71.7 million. This takes the total plot sales for 2024 to a new annual Harworth record of 2,385 plots, generating £104.1 million of cash, split between upfront and deferred payments, and is in line with our strategic target of 2,000 per year on average.
“Throughout the year we continued to see healthy demand, and notably we also completed two major land sales at our Skelton Grange and Ansty developments in December, for £106.3 million. The proceeds from these sales will be reinvested into our Industrial & Logistics development programme to continue creating value for our stakeholders.
“We are committed to delivering sustainable regeneration schemes, creating new communities in our regions and supporting delivery of much needed high quality housing in the UK by accelerating delivery at our sites, and broadening the range of our mixed tenure products, which saw 582 of the year’s plots sales to affordable housing providers.
“Our approach to placemaking and strong collaboration with strategic partners is key to success on these developments, and our extensive consented pipeline of 4,568 plots positions us well to continue supporting growth in the UK.”
