The Strategy
Harworth Estates manages a substantial portfolio, comprising in excess of 46,500 acres of land and 250 commercial and residential properties. The Company has identified more than 76 potential development sites through its initiative Project Worth, and has committed to reporting on the progress of this project at half yearly intervals with both formal revaluations of the estate and revisions to its management estimates of worth.
The current development sites identified cover approximately 3,700 acres of principally brownfield regeneration land located from Northumberland to the East Midlands, principally down the A1/M1 corridor with additionally a large site at Bolton on the Manchester orbital motorway.
The identified development sites have the potential, with planning consent, to deliver in excess of 25,000 new homes and 30 million sq ft of business space.
The majority of the rest of the portfolio is currently either operational land or agricultural land held for income, asset appreciation and future potential for surface mining in accordance with world leading environmental best practice.