Business
Acquisition of major Midlands regeneration site
Acquisition of major Midlands regeneration site.
About this update from Harworth Group Plc
[{"type":"text","content":"\n \nRNS Number : 7803R Harworth Group PLC 19 June 2018 \n\n \n19 June 2018\n \n \nLEI 213800R8JSSGK2KPFG21\nHarworth Group plc \nHarworth Group acquires major regeneration site as it grows its presence in the Midlands\n \nHarworth Group plc (\"Harworth\" or the \"Company\"), the leading land regeneration and property investment specialist, announces that it has purchased the 350-acre former Ironbridge coal-fired power station in Shropshire for an undisclosed sum, further growing the Company's strategic land bank and expanding its presence in the Midlands. \n \nLocated adjacent to Ironbridge town centre, the site comprises around 240 acres of brownfield land and a neighbouring parcel of over 100 acres of agricultural land. Harworth will use its market leading land regeneration skills to remediate the site ready for future development and to promote the site through the planning process, targeting the delivery of a new mixed-use development of several hundred new homes alongside commercial development, leisure uses and significant public open space.\n \nOwen Michaelson, Chief Executive Officer of Harworth Group, commented:\n\"The redevelopment of Ironbridge Power Station requires an experienced regeneration company to sensitively handle the project. We have proved with our major developments of former coal mines and other industrial sites across the North of England and the Midlands that we have the core skills required to effectively redevelop complex sites. We look forward to doing the same at Ironbridge.\n \n\"The Midlands market remains a key priority for the business as we continue to expand our presence in the region. With the continued undersupply of new homes and commercial space, there is good demand from housebuilders and commercial occupiers alike. This acquisition forms part of our ongoing strategy to become the UK's leading regeneration company.\"\n \n-ENDS-\n \nEnquiries:\n \n\n\n\nHarworth Group plc\nOwen Michaelson, Chief Executive\n \n \nAndrew Kirkman, Finance Director\n \n \nIain Thomson, Head of Communications\n\n\n \nT: 0114 349 3131\nE: [email protected]\n \nT: 0114 349 3131\nE: [email protected]\n \nT: 0114 349 3160 / 07825 860215\nE: [email protected]\n&n...