Regeneration specialist Harworth Group has sold a 24-acre plot at its Gateway 36 logistics site in Barnsley, Yorkshire, to Firethorn Barnsley for £11.6m.
Firethorn will develop a BREEAM Excellent-rated, 340,000 ft logistics facility at the plot, which forms part of the latest phase of development at Harworth’s Gateway 36 project.
Harworth received a resolution to grant planning consent for phases 2 and 3 of its development from Barnsley Council in 2020. In its entirety, Gateway 36 will comprise 1.1m sq ft of new logistics and manufacturing space across 95 acres.
Harworth chief operating officer Andrew Blackshaw said: “This sale to Firethorn is part of a co-ordinated 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.”
He added: “This transaction also demonstrates the current market demand for strategically located sites, which are in short supply in the region. Together with the recent sale of our Antsy strategic land site, the proceeds will be recycled into our ongoing development pipeline as well as growing our landbank as we deliver on our strategy to double the size of the business over the next five to seven years.”
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.”
Harworth was advised by Knight Frank and Gent Visick.
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