Harworth Group plc, a leading regenerator of land and property for development and investment, has completed the construction of a Costa Ltd (“Costa”) drive-thru at its Advantage House headquarters in Rotherham as it continues to grow its income portfolio.
Costa has entered into a 15-year lease with Harworth on the 1,800 sq. ft unit, constructed by HP Construction on Harworth’s behalf. The unit has a bespoke design in keeping with buildings at Harworth’s flagship Advanced Manufacturing Park (AMP) nearby, home to leading organisations including Boeing, Rolls-Royce, McLaren Automotive and the UK Atomic Energy Authority.
The completion of this unit follows a busy period for Harworth’s Building Delivery team. In early October it practically completed the UK Atomic Energy Authority’s (UKAEA) new 22,300 sq. ft nuclear fusion technology research facility at the AMP two weeks ahead of schedule, with the authority taking a 20-year lease at a rent in line with other manufacturers at the development. This was followed in late October by the Company completing the construction of another Costa drive-thru at its Riverdale Park scheme in Doncaster as the regeneration of the former McCormick Tractor Factory progresses, with Costa taking a fifteen year lease on this unit.
Harworth has also recently announced that it has appointed Caddick Construction to build the last unit at Logistics North in Bolton, the North West’s largest live industrial development. Work has now begun on a 50,800 sq ft speculative unit, part-funded through a £3m loan from the Greater Manchester Combined Authority’s Evergreen fund.
“Completing three recent builds on-time and on-budget is a real credit to Harworth and its contractors during these unprecedented times. We look forward to supporting Costa to be as successful as possible on both South Yorkshire sites.”Tim Powner, Asset Manager, Harworth Group plc
“We are delighted to have worked with Harworth on the delivery of two drive thrus in key target areas as part of our ongoing expansion plans in Yorkshire and throughout the UK. We look forward to hopefully working together in the future to deliver further stores.”Caroline Midgley, Acquisition Manager, Costa