Yorkshire land regenerator nets £11.6m following sale of logistics development plot
A Yorkshire land and property regenerator has completed the £11.6m sale of a 24 acre plot for logistics development.
Harworth Group plc, headquartered in Barnsley, sold the logistics development land at Gateway 36 to Firethorn Barnsley Limited.
Firethorn will develop a BREEAM “excellent” rated 340,000 sq ft logistics facility at the plot, which forms part of the latest phase of development at Harworth’s Gateway 36 project.
The scheme, which is supported by £3.1m of funding from Sheffield City Region, is expected to support the delivery of up to 2,500 jobs in Yorkshire. Existing occupiers on the site include Esco, Talurit, Environment Agency and Car Supermarket.
Andrew Blackshaw, COO at Harworth, commented: “This sale to Firethorn is part of a coordinated strategy to realise our vision for Gateway 36 as a major hub for both large and small footprint logistics and manufacturing in Yorkshire.
“Since acquiring the site, Harworth has transformed the former Rockingham Colliery into a new high-quality development, which benefits from a position adjacent to Junction 36 of the M1.”
Dan Green, associate director at Firethorn Trust, said: “Our strategic approach at Firethorn is to identify and unlock the potential of strong development sites across the UK, to meet the growing need for sustainable, flexible and high-quality logistics accommodation.
“We are delighted to add this site at Gateway 36 to our logistics portfolio, and with the ever-increasing demand for industrial schemes in Yorkshire, we look forward to delivering our plans at pace.”
Harworth was advised by Knight Frank and Gent Visick.
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