Hargreaves’ former subsidiary, Brockwell Energy, has reached financial close on its Energy from Waste plant at Westfield, Scotland, on land owned by Hargreaves. This triggers a £2m windfall for Hargreaves and a long term (35 year) rental income stream. Hargreaves will invest £7m in the site over the next 12 months to deliver services to the plant and 40 adjacent acres, which will be marketed to industrial users. We consider this a meaningful, value enhancing event, which sug
17 Dec 2021
Unlocking of value at Westfield
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Unlocking of value at Westfield
Hargreaves Services plc (HSP:LON) | 571 11.4 0.4% | Mkt Cap: 187.3m
- Published:
17 Dec 2021 -
Author:
James Tetley -
Pages:
3
Hargreaves’ former subsidiary, Brockwell Energy, has reached financial close on its Energy from Waste plant at Westfield, Scotland, on land owned by Hargreaves. This triggers a £2m windfall for Hargreaves and a long term (35 year) rental income stream. Hargreaves will invest £7m in the site over the next 12 months to deliver services to the plant and 40 adjacent acres, which will be marketed to industrial users. We consider this a meaningful, value enhancing event, which sug