In a promising turn of events, Harworth Group plc, a renowned leader in land regeneration and sustainable property development, has unveiled its impressive half-year results for the period ending 30 June 2023. The company’s proactive management strategies have played a pivotal role in bolstering valuations and ensuring a steadfast EPRA NDV performance.

Lynda Shillaw, Harworth’s Chief Executive, expressed her satisfaction with the company’s performance, emphasizing its resilience and adaptability. She noted, “Our first-half results showcase our commitment to strategic growth and operational excellence. The demand for our residential land and industrial & logistics assets remains high, and we’re making significant strides in our Investment Portfolio.”

The company’s involvement in the UKREiiF in 2023 further cements its position as a key player in the UK’s real estate and investment sector. Harworth’s commitment to sustainable development is evident in its recent achievements, including the completion of 110,000 sq. ft of Grade A space at Gateway 36 in Barnsley and the addition of 1.1m sq. ft of industrial & logistics space through acquisitions.

Furthermore, Harworth’s dedication to community development and environmental sustainability is commendable. The company launched its Net Zero Carbon Pathway in April 2023, setting ambitious goals to be operationally carbon neutral by 2030 and achieve net-zero emissions by 2040. In addition, the opening of a 50-acre country park at Cadley Park in Derbyshire underscores Harworth’s commitment to creating recreational spaces and promoting biodiversity.

The company’s financial health remains robust, with a strong balance sheet, low gearing, and ample liquidity. As of 30 June 2023, Harworth reported a net debt of £63.7m and available liquidity of £163.5m, positioning it well for future investments and growth.