Rotherham-based Harworth completes first sale of land in Coalville

The Rotherham-based company has sold 15.99 acres to Redrow in line with its December 31, 2019 book value.

Redrow intends to deliver 204 new family homes on this first phase of Hugglescote Grange, the largest residential development site being brought forward by Harworth's Midlands team.

The 250-acre site, less than two miles from Junction 22 of the M1, has an outline consent in place for 2,016 new homes, alongside supporting uses including a primary school, local community centre and new public realm.

Harworth, through its role as master developer, has completed initial infrastructure works at Hugglescote Grange in order to facilitate the sale, including delivering a new access roundabout from the existing road network alongside internal roads and utilities.

Owen Michaelson, chief executive of Harworth, said: "This is a landmark deal for the business, with Redrow now the sixteenth housebuilder to whom we've sold ready-to-build land, reflecting the continued popularity of our product with national and local customers in the North of England and the Midlands.

"Hugglescote Grange is also one of our six major development sites where ongoing onsite infrastructure and development works have continued despite the Covid-19 pandemic, with the welfare of all staff involved remaining an absolute priority.

"This sale is the latest demonstration of the company's market leading skill in realising value for all stakeholders, whilst reaffirming the ongoing demand for housing in the regions."