Contracts have been exchanged for the sale of 48 acres of land at its Skelton Grange site, with the first cash payment expected later this year and the other in the first half of 2026.
Once the development is complete, the site of the former Skelton Grange power station is expected to provide around 250,000 square feet of industrial & logistics space, a hyperscale datacentre, a battery energy storage facility and an energy-from-waste facility.
The sale to Microsoft is conditional, payable in cash in two tranches linked to phased completion of the sale, with conditions "customary for a transaction of this nature", Harworth said, adding that it is confident they will be met.
The disposal price represents a premium to the plot's book value.
(source:proactiveinvestors)
