HARWORTH SECURES LONG-TERM LETTING AT WARWICKSHIRE SITE
Harworth Group plc (“Harworth” or the “Company”), a leading regenerator of land and property for development and investment, has agreed a long-term letting of 38.34 acres of land at its Meriden Quarry site (“Meriden”) in Warwickshire as it continues to grow the breadth and depth of its recurring income base from its investment properties.
NRS, a leading supplier of aggregates, waste management and haulage services throughout the Midlands, has taken a 10-year lease on Areas A and D at the site. It is expanding its existing one stop shop at Meriden to increase the quarried and recycled aggregates, inert tipping and ready mix concrete it provides, with the company already supplying over 1 million tonnes of aggregates per annum to its customers.
Meriden Quarry is situated on the A45 between Birmingham and Coventry, close to the M6, M42 and M40. Harworth’s deal with NRS means that all of the land at Meriden is now fully let.
Peter Massie, Asset Manager at Harworth Group plc, said:
“Companies like NRS are the backbone of UK industry and have supported the continuation of key infrastructure projects across the region. This new lease is excellent news for both them and Harworth and supports the long-term growth plans of both businesses.”
Mark Ketcher, Managing Director and Founder of NRS said:
“This site is perfectly placed for us to supply aggregates to our customers in and around the Midlands. As we continue to expand our operations we are investing in the future ensuring we have additional capacity. By signing this 10-year lease we are showing commitment to Harworth and our customers.”