Project Worth
This project is at the heart of the business of Harworth Estates and it creates the development pipeline for the long term sustainable business of the property division of UK COAL. The Company works with some of the UK’s leading planning advisors and other leading consultancies to ensure that every opportunity is taken to add value to the estate by gaining planning consents for an optimum mix of uses on each particular site.
The development pipeline currently identifies short and medium term opportunities for adding value through to 2012, by which time the Company estimates that with planning consent, the portfolio can grow from the current asset value as reported in the Company’s Report and Accounts of £394 million, to in excess of £935 million by 2012, and in excess of £1 billion by 2013. The Company is looking to both increase the development opportunities deliverable within this programme period, from the currently estimated 3,700 acres and in addition, is seeking to identify long term development opportunities from the balance of the estate.