Harworth operates its business through two segments (Capital Growth and Income Generation) which are replenished through Acquisitions.
CAPITAL GROWTH focuses on maximising value by developing the property portfolio and includes taking sites through the development cycle from masterplanning inception through to plot sale and build out.
INCOME GENERATION focuses on retaining and effectively managing selected land and property assets to generate a long-term recurring income stream.
Acquisitions & Land Assembly
We have a large landbank of brownfield land and former industrial assets across the North of England and the Midlands, owning c.21,000 acres of land on 136 sites. An important part of our strategy is to replenish our portfolio with acquisitions to ensure the growth of the business.
Our core skill as a business is to create a strategic vision and plan for all our sites which, when brought to market with planning permission for residential or commercial uses, creates value.
Our Strategic Land team has secured planning consents for close to 11,000 residential plots and 12 million sq. ft of commercial space since 2008. A large proportion of these consents are taken forward as Harworth’s Major Developments – often seen as showcase projects for regeneration.
Value Engineering and Land Remediation
Once a use for a site has been identified, we apply value engineering principles through our in-house development team in remediating land and creating development platforms that match the proposed use.
Prior to securing a use on our developments, we invest in and develop infrastructure to create serviced development plots.
Plot Sale and Build Out
Once we have secured an enduse for a site, we either sell engineered land for residential or commercial purposes, or retain land to grow our income portfolio – either through leasing directly developed commercial units or renting out land.
Finally, we actively asset manage our landholdings and built commercial space to deliver further value from the portfolio. This includes being a responsible landowner on our Major Projects to ensure individual developments come forward in line with our vision for the entire site. Asset management also includes repurposing our built space, where appropriate, re-gearing leases in order to grow our income and managing our Business Space and Natural Resources sites to ensure overheads are minimised and tenants are satisfied.