Regeneration specialist Harworth acquires former Ironbridge power station site

Harworth Group plc, the Rotherham-based regeneration and property investment firm, has purchased the 350-acre former Ironbridge coal-fired power station in Shropshire for an undisclosed sum.

Located adjacent to Ironbridge town centre, the site comprises around 240-acres of brownfield land and a neighbouring parcel of over 100-acres of agricultural land.

Harworth plans to remediate the site ready for future development and promote the site through the planning process, targeting the delivery of a new mixed-use development of several hundred new homes alongside commercial development, leisure uses and public open space.

Owen Michaelson, CEO of Harworth Group, said: “The redevelopment of Ironbridge Power Station requires an experienced regeneration company to sensitively handle the project.

“We have proved with our major developments of former coal mines and other industrial sites across the North of England and the Midlands that we have the core skills required to effectively redevelop complex sites. We look forward to doing the same at Ironbridge.

“The Midlands market remains a key priority for the business as we continue to expand our presence in the region. With the continued undersupply of new homes and commercial space, there is good demand from housebuilders and commercial occupiers alike. This acquisition forms part of our ongoing strategy to become the UK’s leading regeneration company.”

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