Hargreaves has announced the exchange of conditional contracts at both Unity and Blindwells, continuing recent momentum on these important developments. The two contracts at Unity (for a combined c.570k sq ft of distribution/ industrial space) will generate revenue of >£50m for the JV in Hargreaves’ FY24, prompting a 9% upgrade to our earnings forecast. With further evidence emerging of the value within the Land portfolio, we increase our TP to 620p (from 590p) and reiterate ou
21 Feb 2022
Continuing momentum at Unity JV and Blindwells
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Continuing momentum at Unity JV and Blindwells
Hargreaves Services plc (HSP:LON) | 556 -11.1 (-0.4%) | Mkt Cap: 182.4m
- Published:
21 Feb 2022 -
Author:
James Tetley -
Pages:
4
Hargreaves has announced the exchange of conditional contracts at both Unity and Blindwells, continuing recent momentum on these important developments. The two contracts at Unity (for a combined c.570k sq ft of distribution/ industrial space) will generate revenue of >£50m for the JV in Hargreaves’ FY24, prompting a 9% upgrade to our earnings forecast. With further evidence emerging of the value within the Land portfolio, we increase our TP to 620p (from 590p) and reiterate ou