Harworth Group PLC - Rotherham, South Yorkshire-based land and property regeneration company - Sells two parcels of residential land at its Waverley and Flass Lane developments in Yorkshire to Chesterfield-based housebuilder Avant Homes for a combined total ahead of the equivalent December 31, 2019 book value. Avant acquires 12.9 acres of land at Waverley development in Rotherham, where it intends to build 144 new family homes. Acquires 9.9 acres of land at Flass Lane development in Castleford, where it plans to build 140 new two to four bedroom homes.
"These transactions are the culmination of an excellent year of land sales for Harworth, generating above book value sales receipts whilst continuing to support the UK's national housebuilding target of 300,000 units per annum. Waverley and Flass Lane fit exactly what homeowners are looking for from the places where they live, namely access to outdoor space, a sense of community and good connectivity," says Chief Executive Lynda Shillaw.
Current stock price: 97.30 pence
Year-to-date change: down 31%
By Zoe Wickens; zoewickens@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Harworth Gp (HWG)