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Harworth Grows Income Portfolio With Acquisition of 360,000 Sq Ft Industrial Estate in the West Midlands

Close to both Dudley and Stourbridge town centres and less than ten miles from Birmingham City Centre, the 20.5-acre site comprises three fully let industrial units totalling c. 360,000 sq. ft and will generate a passing rent of £1.095 million per annum, reflecting a Net Initial Yield of 10.2% and a reversionary yield of 12.75%. […]

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Harworth Makes Further Land Sale at Logistics North as it Nears Completion of Development

The Company has sold Plot C1, a 2.2 acre plot at the development’s entrance, to A&F Forecourts Ltd (“A&F”), at a price above book value. This is A&F’s second deal with Harworth at Logistics North, following the business’ acquisition of the nearby 0.73 acre Plot A4 in December 2019. A&F has planning permission from Bolton […]

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Harworth Makes Further Appointments as Part of Growth Plans

Harworth has appointed Richard Bousfield as Director – Head of Income, a newly created role with responsibility for growing and managing the company’s £232.3m income-producing portfolio across the UK, including new acquisitions, new pre-let direct developments and selling down its lower yielding assets. He previously ran his own investment and strategic asset company and previously […]

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