Thursday, March 13, 2014

News: Harworth seal deal with Peel


Harworth Estates, the company created to realise the property assets of what was UK Coal, has entered into a strategic marketing alliance with The Peel Group with the aim of becoming a key player in the logistics market.

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. Key sites include Rotherham (Waverley), Bolton (Logistics North), Nottinghamshire (Harworth) and Pontefract (Prince of Wales).

Leading infrastructure, transport and real estate investment company, Peel, has a 32.82% share in Coalfield Resources plc, which in turn owns 24.9% of Harworth Estates Property Group Limited.

The newly created Peel Logistics brings together 66 sites across almost 6,000 acres of land. 17 sites are brought to market through Peel's strategic alliance with Harworth Estates. The companies will continue to market their own sites individually, with Peel Logistics providing a marketing umbrella for the UK-wide portfolio.

Local sites that come under the Peel Logistics portfolio include AMP Waverley in Rotherham (pictured), Sheffield Business Park and Doncaster Sheffield Airport.
Phil Wilson, executive director at Harworth Estates (pictured, centre), said: "We are delighted to be in this strategic alliance with The Peel Group and Peel Ports. Our combined logistics offer is unparalleled, offering quality space for small businesses all the way through to multinational distributors. With more than half of UK third party logistics companies expected to invest more in equipment, people and premises in 2014 than 2013, Peel Logistics directly supports the UK's ambitious plans for growth."

The launch of Peel Logistics is timed to meet the accelerating demand for quality space. The portfolio will offer over 100 million sq. ft. of bespoke distribution warehousing, together with funding and outline planning consent for many of the sites. 1,900 acres have all infrastructure in place and are ready for occupation.

John Whittaker, chairman of The Peel Group (pictured, far right), added: "We believe now is the right time to launch Peel Logistics; we are seeing unprecedented demand for "oven-ready" logistics space, driven by both the growth in e-commerce activity and the move towards re-shoring manufacturing supply chains. Peel Logistics is ideally positioned to help occupiers find the perfect space to locate their logistics' operations."

Another Peel operation, Peel Environmental has been working with Harworth Estates on plans for waste infrastructure developments at eleven sites across the North of England and the Midlands.

Harworth Estates website
Peel Logistics website

Images: Peel Logistics


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