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Harworth ( (GB:HWG) ) has shared an update.
Harworth Group plc achieved a record in the fourth quarter of 2024 by completing 1,896 residential plot sales, contributing to a total of 2,385 plots for the year with a headline sales value of £104.1 million. These sales reflect strong demand for Harworth’s de-risked serviced land and align with the company’s strategy to accelerate residential site delivery and broaden its product range. The proceeds from these sales will support further investment in Industrial & Logistics developments. Additionally, Harworth’s extensive residential land pipeline now totals over 31,000 plots, positioning the company to continue contributing to the UK’s housing targets. Recent land acquisitions ensure Harworth’s capability to maintain large-scale operations and value creation for stakeholders.
More about Harworth
Harworth Group plc is a leading sustainable regenerator of land and property for development and investment, specializing in the transformation of large, complex sites, particularly former industrial locations, into Industrial & Logistics and Residential developments. The company, listed on the Main Market of the London Stock Exchange and part of the FTSE 250 index, manages over 14,000 acres across more than 100 sites in the North of England and Midlands, aiming to create sustainable communities and deliver long-term value for stakeholders.
YTD Price Performance: -4.12%
Average Trading Volume: 175,912
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £532.5M
Learn more about HWG stock on TipRanks’ Stock Analysis page.
