Hargreaves Services (HSP)

Sector:

Manufacturing

Index:

FTSE AIM All-Share

570.00p
   
  • Change Today:
      20.00p
  • 52 Week High: 580.00p
  • 52 Week Low: 394.50p
  • Currency: UK Pounds
  • Shares Issued: 32.72m
  • Volume: 23,445
  • Market Cap: £186.50m
  • RiskGrade: 224

Hargreaves Services completes Unity land sale early

By Josh White

Date: Monday 26 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Industrial and property sector service provider Hargreaves Services announced the early completion of the sale of a 79 acre plot to a national retailer by its Unity joint venture on Monday.
The AIM-traded firm said the sale was the first significant transaction on the Unity mixed-use development scheme, which was held in a 50-50 joint venture with regional developer Waystone Developments.

It said the site was for the development of an 800,000 square foot distribution and training centre.

Revenue of about £25m from the sale had been received by the joint venture in full, and was being retained within that entity while the Unity board reviewed the project's future funding requirements.

Unity, located immediately east of Doncaster, was described by Hargreaves as "one of the largest" regeneration schemes within Yorkshire, with planning permission for two million square feet of commercial space and 3,100 homes across 650 acres.

The project reached a major milestone in December, with the completion and opening of the new link road, providing the entire development with direct access to junction 5 of the M18 motorway.

Hargreaves said the sale was originally expected to complete in the second half of the year ending 31 May 2022, following completion of the site access road and plot servicing.

That work, which started at the beginning of 2021 and was set to complete at the end of the year, was funded independently of Hargreaves.

The sale had been brought forward at the request of the purchaser.

"The Unity scheme is one of the most exciting developments in Hargreaves Land's portfolio and it is encouraging that our purchaser has perceived the benefit of early completion to accelerate their project delivery," said chairman Roger McDowell.

"This will undoubtedly further enhance the attractiveness of the Unity development to other commercial users."

At 1235 BST, shares in Hargreaves Services were flat at 345p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HSP Market Data

Currency UK Pounds
Share Price 570.00p
Change Today 20.00p
% Change 3.64 %
52 Week High 580.00p
52 Week Low 394.50p
Volume 23,445
Shares Issued 32.72m
Market Cap £186.50m
RiskGrade 224

HSP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.56% above the market average85.56% above the market average85.56% above the market average85.56% above the market average85.56% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
85.71% above the market average85.71% above the market average85.71% above the market average85.71% above the market average85.71% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
64.68% above the market average64.68% above the market average64.68% above the market average64.68% above the market average64.68% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
13.46% above the market average13.46% above the market average13.46% above the market average13.46% above the market average13.46% above the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HSP Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Mar-24 21-Sep-23
Paid 11-Apr-24 30-Oct-23
Amount 18.00p 6.00p

Trades for 12-Jul-2024

Time Volume / Share Price
16:35 315 @ 570.00p
16:35 51 @ 570.00p
16:35 7 @ 570.00p
16:35 51 @ 570.00p
16:35 26 @ 570.00p

Top of Page