22nd Jun 2021 14:51
Harworth Group PLC - Rotherham, South Yorkshire-based land regeneration company - Says it has secured planning approval to develop a 1.1 million square foot logistics and manufacturing space in Wingates, Bolton. Bolton Council initially agreed to the scheme January 2020. However, the application was then called-in by the UK Secretary of State for Communities & Local Government, who granted approval after an examination in public earlier this year.
Says it plans to begin works at the site in early 2022 and estimates that it could create up to 1,500 new jobs. The site is close to both Bolton and Wigan, and is widely accessible from nearby motorways. Also, Wingates is adjacent to the company's existing Logistics North site, where 5,500 people are employed across 3 million square feet of space. Notes that the Wingates development is part of a 26.1 million square foot pipeline of industrial and logistics developments, with 9.9 million square feet approved so far.
Chief Executive Lynda Shillaw says: "Securing planning for our Wingates development marks a significant milestone for us and will have a substantial positive effect on the local economy in terms of construction, permanent jobs and investment. It will allow Bolton businesses to expand, while at the same time improving highways infrastructure and protecting local biodiversity and green spaces. Harworth has a proven track record of delivering large scale employment space, for example at our nearby Logistics North site, and we look forward to replicating this success as we work with local stakeholders to bring these exciting plans forward."
Current stock price: 144.40 pence, up 1.7% on Tuesday afternoon
Year-to-date change: up 38%
By Scarlett Butler; [email protected]
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