Harworth completed 1,896 residential plot sales generating headline sales of £71.7m in the fourth quarter of 2024, bringing its total plot sales for the year to 2,385 – the group’s strongest annual residential sales performance to date.
The group generated £104.1m from residential plot sales in 2024 – almost double the £52.1m it generated from plot sales in 2023 when it sold 1,170 plots.
In addition to residential plot sales, Harworth also completed land sales at Skelton Grange and Ansty for a total headline sales value of £106.3m. The group’s residential land pipeline now totals 31,264 plots, with 15% of the plots already consented.
Lynda Shillaw (pictured), chief executive of Harworth Group, said: “Harworth had a busy fourth quarter in 2024, concluding nine Residential land sales, comprising 1,896 plots for £71.7m. This takes the total plot sales for 2024 to a new annual Harworth record of 2,385 plots, generating £104.1m of cash, split between upfront and deferred payments, and is in line with our strategic target of 2,000 per year on average.
“Throughout the year we continued to see healthy demand for our high quality de-risked serviced land, and notably we also completed two major land sales at our Skelton Grange and Ansty developments in December, for £106.3m. The proceeds from these sales will be reinvested into our industrial and logistics development programme to continue creating value for our stakeholders.
“We are committed to delivering sustainable regeneration schemes, creating new communities in our regions, and supporting delivery of much needed high quality housing in the UK by accelerating delivery at our sites and broadening the range of our mixed tenure products, the latter seeing 582 of the year’s plots sales to affordable housing providers. Our approach to placemaking and strong collaboration with strategic partners is key to success on these developments, and our extensive consented pipeline of 4,568 plots positions us well to continue supporting growth in the UK.”
