Rotherham-based land developer Harworth Group plc said it completed headline sales of £92.5 million in the second half of 2025, bringing total sales for the full year to £110.2 million.

Harworth said key highlights included 25 transactions completed “with £58.2 million of sales across I&L (Industrial & Logistics) and £52.0m of Residential plot sales.”

Harworth CEO Lynda Shillaw said: “I am encouraged by the level of sales achieved against a challenging macroeconomic backdrop. The delayed Budget weighed on investor sentiment in H2, pushing many transactions into the final weeks of the year.

“Our disciplined disposal and recycling programme in conjunction with our self-imposed target LTV of below 20% at year-end remains fundamental to our capital allocation plan to unlock value for our sites.

“In line with our ambition for the total portfolio to be 85% weighted to I&L, we are reinvesting proceeds primarily into I&L opportunities and expanding our development pipeline as a key driver of growth.

“A core component of our Investment Portfolio strategy is to improve the quality to Grade A through development, active asset management, and selling assets where we have completed asset management plans. Since the strategy was launched in 2021, the team have transformed the portfolio, improving Grade A to 75%, by value, up from 23%.

“The quality of our serviced land product, the expertise of our team and our deep market relationships underpin our confidence in bringing forward an attractive development pipeline to expand our Investment Portfolio and generate development profits and cash.”