Capital Markets Day 2022

Harworth Group plc, a leading regenerator of land and property for sustainable development and investment, will today host a Capital Markets Day for institutional investors and analysts. The event will comprise a presentation by members of the Harworth management team and a tour of several sites in the Midlands region. The presenting team will include Lynda Shillaw (Chief Executive), Andrew Blackshaw (Chief Operating Officer), Jonathan Haigh (Chief Investment Officer) and David Cockroft (Regional Director for the Midlands).

The event will focus on Harworth’s strategy to reach £1bn of EPRA NDV(1) by 2027, based on four key drivers of growth and return:

  • Increasing direct development of industrial & logistics sites;
  • Accelerating sales and broadening the range of its residential products;
  • Growing its strategic land promotion activities; and
  • Repositioning its Investment Portfolio to Grade A.

Attendees will tour Harworth’s Bardon Hill site in Leicestershire, where the Company is directly developing 332,000 sq. ft of Grade A industrial & logistics space, due for practical completion in August 2022. Harworth has recently exchanged contracts for two lettings at the site, representing total space of 152,000 sq. ft, with Charles Kendall Freight, an international freight forwarder, and Zwilling J.A. Henckels AG, a German kitchenware manufacturer and retailer. Harworth is in advanced letting negotiations regarding two further units at the site which, combined with the units currently exchanged, would represent 78% of the total space available at the development. This strong pre-letting progress underlines the ongoing robust demand for industrial & logistics products in Harworth’s focus markets, which remain characterised by significant supply and demand imbalance.

No new material disclosures will be made at the event. The presentation will commence at 10:30am and will be webcast live on this page, with presentation materials available for download at the same address. A replay of the webcast will be made available shortly after the event ends. There will be an opportunity to submit written questions online during the presentation.

(1) European Public Real Estate Association (EPRA) Net Disposal Value: an adjusted net asset value metric that is one of Harworth’s Key Performance Indicators.