Harworth ‘masterplan’ for £8.5m vacant site
PROPERTY regeneration group Harworth Group has acquired 4.88 million sq ft of land in Doncaster.
The firm bought the site for £8.5m out of receivership. The site on Wheatley Hall Road has existing planning permission for 800 new homes, and 200,000 sq ft of industrial space.
Harworth says it plans to “refresh” the masterplan to become a major mixed-use scheme, utilising the 3.35 million sq ft of vacant land.
This Doncaster acquisition will with Harworth’s fourth in the past 12 months following the purchase of the former Skelton Grange power station in Leeds, as well as an aluminium smelter site in Northumberland and Sinfin Lane industrial estate in Derby.
Owen Michaelson, chief executive of Harworth Group, said: “This is an exciting acquisition for Harworth, adding to our already significant landbank in Doncaster. It is well connected close to the town centre and sits adjacent to the River Don, underpinning its potential as a high-quality, mixed-use development site.
“We look forward to working closely with Doncaster Council on this development, and reinforcing our track record of delivering long-term regeneration across Yorkshire and the north of England.”
Coalfield Resources completed a £150m reverse takeover of Harworth earlier this year before rebranding as Harworth Group. It owns and manages a diversified portfolio worth £300m of approximately 27,000 acres across 200 sites.
