Monday, November 11, 2013

News: Harworth Estates powers ahead at North Notts. colliery site

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Harworth Estates, the company created to realise the property assets of what was UK Coal, has sold land at Harworth Colliery to Jones Homes and let a 50,000 sq ft manufacturing unit at Harworth Business Park to RS Motorhomes.

Based on the Advanced Manufacturing Park (AMP) in Rotherham, Harworth Estates is one of the largest landowners in the UK with access to over 30,000 acres of land. The former colliery in Bassetlaw is just one of its regeneration schemes.

The new Jones Homes development forms part of a wider programme by Harworth Estates of opening up land for employment and residential use on the former colliery. The first phase involved the development of an Asda superstore in October 2012, creating 80 new local jobs. Future phases will see a further 878 new homes built.

The consented master plan for the site allows for the re-opening of Harworth Colliery or the development of 800,000 sq ft of new employment space if new investors for the colliery cannot be found.

Tim Love, director of strategic land at Harworth Estates, said: "We are delighted that Jones Homes are investing in the site and providing a range of quality homes, signalling another important step in realising the wider masterplan.

"This is the eighth housing outlet to be opened up on land within our wider portfolio in the past three years, showing our determination and commitment to help regenerate the communities in which we operate."

At Harworth Business Park, letting agents Lambert Smith Hampton have agreed a letting to RS Motorhomes. The deal on the 50,000 sq ft unit is to assist its expansion at the firm which is a market leader in the luxury motor homes market. The Park's close proximity to the A1 will support its future plans, including expansion into the Leisure sector and the Equestrian transport sector.

Administrators were called in to save the mining division of UK Coal, with the remaining focus of the new company, Coalfield Resources plc, targeting the realisation of its property assets through the Harworth Estates Property Group Limited. Harworth Estates achieved a profit for the first half of 2013 of £1.4m.

Harworth Estates website

Images: Harworth Estates

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