Harworth Group plc, the brownfield logistics developer, has acquired a 131-acre site at Doncaster – with the option to extend the site by another 131-acres.
The plot close to junction 5 of the M18 motorway could see up to 2.4m sq ft of new logistics and industrial floorspace.
The site was acquired as part of an £8.2m transaction which also included a site in Droitwich.
The two acquisitions follow the three strategic land purchases completed in August 2017 across the Midlands and North West; Chatterley Valley in Stoke-on-Trent; Coalville in Leicestershire; and Wingates in Bolton.
These five transactions follow the accumulation of a £27.1m war-chest in March this year. Harworth say the pot has now been spent.
Owen Michaelson, Chief Executive Officer, said: “The outlook for our principal markets in the North of England and Midlands remains strong, with a scarcity of good quality new commercial space continuing to drive the allocation of new sites and occupier demand for well-connected new space. Both of these purchases directly respond to these requirements as we continue to develop a portfolio of high quality places where people want to live and work.”
