Harworth Group completed 964 residential plot sales in December 2023, generating £41.2m.
The transactions comprised six land parcel sales in Yorkshire and the Midlands to four housebuilders, in addition to the group’s first forward funding agreement with a registered provider as part of Harworth’s affordable housing portfolio.
The largest disposal was the sale of a site in Killamarsh, Derbyshire, which has been sold to Harron Homes and Homes by Honey. The forward funding agreement for 50 new affordable homes, was struck with Great Places at Riverdale Park in Doncaster. Harworth sold a land parcel to Great Places and will oversee the construction of the homes in return for a development management fee.
Harworth said it expected a number of further land parcel sales to complete in the coming months.
Lynda Shillaw (pictured), chief executive of Harworth, said: “Our large number of residential land sales at the end of 2023, all in line with or ahead of book values, demonstrates the continued strong demand for Harworth’s de-risked serviced residential land product from a wide range of housebuilders, and we are seeing strong sales momentum as we move into 2024.
“We are also pleased to have completed our first forward-funding agreement for our affordable housing portfolio, proving the appeal of our mixed tenure model. We look forward to working with our partners to deliver much needed new homes across these regions.”
