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Harworth Buys Towngate Business Park in Cheshire for £12.7M

Puchase Reflects Net Initial Yield of 7.1%
Townsgate Business Park (Source: Harworth)
Townsgate Business Park (Source: Harworth)

Harworth Group plc, a leading regenerator of land and property for development and investment, has announced the acquisition of Towngate Business Park, a multi-let industrial estate in Widnes, Cheshire, from Towngate Plc for £12.7m. The transaction is in line with Harworth’s strategy of growing its income portfolio to cover its overheads from recurring rental income from investments which also offer value enhancement opportunities.

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News | Harworth Buys Towngate Business Park in Cheshire for £12.7M