Harworth Group has reported sales of £92.5million in the second half of 2025, bringing its total sales for the financial year to £110.2million.
The regeneration specialist, strategic land owner and developer, recorded 25 transactions during the period, which included 1,837 residential plots worth a total of £52million. The Group said that this was in line with its expectations and its four-year average, following record sales volumes in 2024.
Harworth said that a further 746 plots are conditionally exchanged, with 155 plots expected to complete imminently.
The Group also saw £58.2million of industrial & logistics sales, with the sale of five core investment portfolio assets.
Lynda Shillaw, chief executive of Harworth, commented: “I am encouraged by the level of sales achieved against a challenging macroeconomic backdrop. The delayed Budget weighed on investor sentiment in H2, pushing many transactions into the final weeks of the year.”
“Our disciplined disposal and recycling programme in conjunction with our self-imposed target LTV of below 20% at year-end remains fundamental to our capital allocation plan to unlock value for our sites. In line with our ambition for the total portfolio to be 85% weighted to I&L, we are reinvesting proceeds primarily into I&L opportunities and expanding our development pipeline as a key driver of growth.”
“A core component of our investment portfolio strategy is to improve the quality to Grade A through development, active asset management, and selling assets where we have completed asset management plans. Since the strategy was launched in 2021, the team have transformed the portfolio, improving Grade A to 75%, by value, up from 23%.”
“The quality of our serviced land product, the expertise of our team and our deep market relationships underpin our confidence in bringing forward an attractive development pipeline to expand our Investment Portfolio and generate development profits and cash.”
Harworth will announce a trading update for the year ending 31 December 2025 later this month, followed by its preliminary results announcement on 17 March 2026.
