Member Info for strutt

Until they start paying a dividend ;-)

http://www.liverpoolecho.co.uk/news/business/peel-releasing-60m-sq-ft-6803620 Ports and property giant Peel Group is bringing 60m sq ft of industrial and logistics space to the property market - including several sites in Merseyside. The owner of the Port of Liverpool says the land bank has a potential invesment value of £4bn. The group is announcing the move at the MIPIM international property investment festival in Cannes on the French Riviera today. The 66 sites across almost 6,000 acres of land throughout the UK will be promoted through Peel Logistics, a strategic marketing alliance combining land assets from The Peel Group, Peel Ports and through Peel’s alliance with UK property regeneration company Harworth Estates. The sites include Wirral Waters West Float, Liverpool International Business Park and Pioneer Business Park among others locally. Many of the sites are multi-modal and the company’s aviation interests include four airports in the North of England. Peel’s Matthew Fitton, who is leading Peel Logistics, said: “The global logistics market is changing at a dynamic pace - the challenge for organisations is to ensure their supply chains remain efficient and effective in servicing their customers’ needs. “Any distribution or manufacturing organisation seeking to maintain a competitive edge in this new world needs the right property in the right location, this make the Peel Logistics offer so relevant to the global logistics revolution we are currently witnessing.” Of the 66 sites, 42% are in the North West, 35% are across Yorkshire and the Midlands, 10% are in the North East and 12% are in Scotland. The portfolio also includes a three-acre site in the South East, making up the final percentage of the allocation. Ten of the sites have the ability to accommodate 1m sq ft distribution centres. John Whittaker, chairman of The Peel Group, added: “Peel Logistics brings together the largest land bank in the UK and is a key strategic project for the organisation. “In assembling the portfolio, we have our sights firmly fixed on the long-term and are delighted that the majority of the sites offer multi-modal transport options, helping to meet the current and future needs of occupiers who want to move goods swiftly and cost-effectively.”

http://www.thebusinessdesk.com/yorkshire/news/589279-yorkshire-s-first-speculative-industrial-scheme-since-2007-to-begin.html?news_section=7

http://manchesteratmipim.wordpress.com/2014/03/06/guest-blog-iain-thomson-harworth-estates/ This is Harworth Estates’ first visit to MIPIM as an independent company and an opportunity we intend to grab with both hands! We’re attending on the back of an extremely successful 2013 for the company which included outline planning permission for the development we’re promoting at the Manchester stand. Logistics North in Bolton (www.logisticsnorth.com) offers 4m sq. ft of manufacturing and distribution space across its 250 acres of employment land, offering some of the finest Design & Build opportunities across the North of England – a development that has already lured Aldi as anchor tenant. Naturally we intend to promote this as hard as possible at MIPIM! We also believe that the wider property market has turned a corner. Over at our Waverley development in Yorkshire we will begin construction in April of the region’s first speculative industrial scheme since the downturn. As one of the biggest regeneration companies in the UK with 30,000 acres of land in our development portfolio, it makes total sense to promote ourselves as widely as possible in the sector’s blue riband event in Cannes. Sponsoring the leading public-private partnership from the UK in Manchester is part of our three pronged strategy for the event – to increase market knowledge of who we are and what we do; to talk through the range of employment land and Design & Build opportunities across our portfolio, including Logistics North; and to build relationships with public bodies in areas where our developments are in their infancy.

http://www.insidermedia.com/insider/yorkshire/110174- Work on a key element of a development which is set to become Yorkshire's largest-ever mixed-use scheme is to start after Harworth Estates forward sold and secured infrastructure funding for the first speculative industrial project in the region for six years. The funding will enable Harworth to begin development next month of 100,000 sq ft of industrial units on seven acres of land at the Advanced Manufacturing Park (AMP) in Rotherham. The development, called R-evolution @ The AMP, received detailed planning consent in February 2014. In two separate transactions Harworth has completed a forward-purchase agreement for the first phase of the development with Rotherham Metropolitan Borough Council for £4.3m and secured a £2.7m loan from the Sheffield City Region Joint European Support for Sustainable Investment in City Areas (JESSICA) Fund. The forward-purchasing agreement will involve Rotherham Metropolitan Borough Council taking ownership of R-evolution's first phase when it is completed in October 2014. Harworth will be responsible for building and leasing of the development. The money from Sheffield City Region's JESSICA Fund, which was set up to support infrastructure and real estate investment opportunities across the region, will pay for infrastructure works and the construction of new manufacturing units at R-evolution. Owen Michaelson, chief executive of Harworth Estates, said: "In a region where the availability of equivalent-quality stock is reducing, we expect to attract top-quality tenants, which will allow Rotherham to benefit from secure, long-term rental income from the development." Paul Woodcock, director of planning, regeneration and culture at Rotherham Metropolitan Borough Council, added: "The Advanced Manufacturing Park is synonymous globally with cutting edge expertise in advanced manufacturing technology, and as a result there is strong demand from high quality manufacturing businesses, who want to join the world-class companies already located here in Rotherham. "The R-evolution project will provide opportunities for these businesses to grow at the AMP, both further enhancing the reputation of the Park and benefitting Rotherham through the creation of more high quality jobs and investment into the borough." Richard Smith, a partner at hlw Keeble Hawson, acted for Harworth Estates. He said the project was an "encouraging sign of growing confidence and recovery" in the market. R-evolution @ The AMP is located at Harworth's Waverley site which is being transformed into Yorkshire's largest-ever mixed-use development. As well as the AMP, the scheme will incorporate a new community of 4,000 homes along with shops, restaurants, schools, leisure and community facilities and parks.

31st March according to the website Ken!!! http://www.coalfieldresources.com/investors/calendar#

Bear with me on this, 4bn potential value 25% belonging to Harworth 1bn, 24.9% belonging to Coalfield 250 Million divided by 605 million shares 41.23p per share. How am I doing so far????? http://www.link2portal.com/peel-group-launch-logistics-division North-west developer The Peel Group is set to unveil a new logistics division that will have the biggest logistics development land bank in the UK, according to one source. Speaking to Property Week, Peel development manager Matt Fitton said the group will pool its industrial sites with those owned by Peel Ports and Harworth Estates in order to form Peel Logistics to capitalise on the improving big sheds market. Peel Logistics' land bank will amount to 5,674 acres – with a potential developed value of £4bn. In total it could accommodate 60m sq ft of sheds. Of the land that will be marketed by Peel Logistics, 50% is owned by Peel Group, with Peel Ports and Harworth each contributing the remaining 25%. It is understood the plan will be unveiled at real estate show MIPIM, 11 -14 March 2014. It is also understood that Fitton will lead the new division. "The market for design-and-build sheds is coming back," he said.

UK Coal's property portfolio rises FINANCIAL TIMES: January 12 2007 02:00 Permission to redevelop the former British Coal site at Orgreave, helped UK Coal LIFT the VALUATION of its property portfolio by a quarter. The UK's biggest coal miner said it expected its property portfolio to be valued at £343m, up from £274m, thanks to a £50m revaluation of property following SUCCESSFUL PLANNING APPLICATIONS. The company recently said its landbank was worth up to £500m more than previous estimates, although the increase was dependent on successful applications for planning permission to redevelop about 2,650 acres that is not being used for coal mining. The group wants to build homes and commercial and industrial property instead.

Very strange price action this morning, managed to sell 100,000 @6.35 then bought the same shares back @ 6p within the hour???????

Looks like the figures where in the post this morning ;-)

I believe that all being well with the valuation we should see the share price above 10p I don't see it moving that far north until Harworth declare the dividend payments, at which point this will hit the radars of income funds that's when we will pass 20p and beyond, unless Peel have taken us out before that point which is a real possibility Regards

Ken, based on your fag packet calculations you put a value on harworth of about half a billion pounds!!! based on 262 Million last year I think it would be a tall order to hope for a 100% increase, if not wishful thinking. Regards

Bridget, 7p by Christmas I feel you are undervaluing our share of the business a little, oh okay, by a lot!!!

6p bid v 6p ask!!!

I like this comment "Mr Mann told MPs there was huge value for UK Coal in its land assets, particularly with all parties keen on house-building. "

Sorry, I don't smoke, Lol

So we've sold 16,500 acres of land since 2007 and we have lost half of our land value.

Wishful thinking back then.

Thank you, no not yet but will take a look

http://frackingfreeireland.org/wp-content/uploads/2011/08/Theft-Of-Austerity-Britains-Coal.pdf