Transaction further evidences Harworth’s acceleration of key initiatives to create a simpler, lower-cost and higher-returning platform
Harworth Group plc, a leading regeneration, strategic land and development business, has completed the sale of a 40-acre strategic land site in St Helens, Merseyside, to Tritax Big Box Developments (‘TBBD’), in line with book value.
The site is situated in a highly sought-after industrial & logistics location, with direct access to Junction 22 of the M6, close to the M62 interchange, and within the Liverpool City Region Freeport. The land is allocated in the St Helens Local Plan and will form part of TBBD’s plans for its Intermodal Logistics Park North Strategic Rail Freight Interchange.
Jonathan Haigh, Chief Investment Officer at Harworth, commented: “This transaction demonstrates continued strong demand for industrial & logistics strategic land and evidences Harworth’s acceleration of key initiatives to create a simpler, lower-cost and higher-returning platform. By crystallising value from a mature strategic land asset, we are now able to recycle the capital into higher-returning opportunities aligned to powered land and industrial growth sectors.”