REG - Harworth Group PLC - Harworth secures 267,000 sq ft of I&L lettings

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RNS Number : 0263M  Harworth Group PLC  18 December 2025

HARWORTH GROUP PLC

('Harworth' or the 'Group' or the 'Company')

 

Harworth secures 267,000 sq ft of I&L Investment Portfolio lettings,
delivering £2.5m of annualised rent, including £1.6m at Droitwich 170

·    169,400 sq ft letting at Droitwich 170 with UK logistics provider,
Uniserve, on 10.25 year term-certain lease

·    Since 1 July 2025(1), five lettings of vacant space have completed
across 267,000 sq ft, at rents of £9.28 psf(2), and 1.4% ahead of ERVs

·    Investment Portfolio EPRA vacancy reduced to 1.0%; Droitwich in
Worcestershire, the Advanced Manufacturing Park, Catalyst and completed units
at Gateway 36, in South Yorkshire all now 100% occupied

 

Harworth Group plc (LSE: HWG), a leading regeneration and strategic land owner
and developer, has secured 267,000 sq ft of Industrial & Logistics
('I&L') lettings on previously vacant space, in its Investment Portfolio
since 1 July 2025(1). These transactions contribute to a reduction in the
Investment Portfolio EPRA vacancy to 1.0% (H1-2025: 4.9%) and deliver an
additional £2.5m in annualised rental income, equating to £9.28 psf(2),
12.6% ahead of the H1-2025 Investment Portfolio Grade A headline rent of
£8.24 psf(2).

 

Lynda Shillaw, Chief Executive of Harworth, commented: "Our asset management
team has secured several significant lettings, most notably at Droitwich, our
largest single-unit speculative development, which only reached practical
completion in August. Our network and market intelligence has enabled us to
successfully capitalise on the strong demand for Grade A space in our regions,
bringing the portfolio to near full occupancy, setting new headline rents and
demonstrating the portfolio's reversionary potential.

 

"Our strategy of growing our I&L Investment Portfolio by building out our
consented pipeline of 8.7m sq ft(3) is bearing fruit. Achieving 100% occupancy
at Droitwich, the Advanced Manufacturing Park, Catalyst and Gateway 36 is a
strong endorsement of this strategy, the quality of our product, and location
of our sites as we optimise delivery opportunities across our consented land
bank."

 

1. Gateway 36 (Barnsley) letting of 50,000 sq ft on previously vacant space
completed on 15 September 2025 and was included in H1-2025 results
announcement as part of the post-period end events.

2. Weighted average headline rent

3. As at 30 June 2025.

-ENDS-

 

For further information

 

 Harworth Group plc
 Lynda Shillaw (Chief Executive)             T: +44 (0)114 349 3131

 Kitty Patmore (Chief Financial Officer)     E: investors@harworthgroup.com (mailto:investors@harworthgroup.com)

 Juliana Weiss Dalton (Investor Relations)

 FTI Consulting
 Dido Laurimore                              T: +44 (0)20 3727 1000

 Richard Gotla                               E: Harworth@fticonsulting.com (mailto:Harworth@fticonsulting.com)

 Eve Kirmatzis

 

About Harworth

Harworth Group plc (LSE: HWG), is a leading regeneration and strategic land
owner and developer focused on the Industrial & Logistics (I&L) and
Residential sectors. We own, develop, and manage a portfolio of over 15,000
acres of Strategic Land over 100 sites located throughout the North of England
and Midlands. We specialise in delivering long-term value for all stakeholders
by regenerating large, complex sites, into new I&L developments and
serviced remediated land for sale into the I&L and Residential land
markets. Our long-term through-the-cycle business model is to create
sustainable places, support new homes, jobs and communities where people want
to live and work. Visit www.harworthgroup.com for further information. LEI:
213800R8JSSGK2KPFG21

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