In its trading update for the year to the end of December, Harworth said it had delivered another strong operational performance in the second half of the year across all of its business segments. The urban regeneration specialist added group EPRA NNNAV, which is equivalent to group NAV plus the mark to market value of development properties less notional deferred tax, will be moderately ahead of expectations, achieving a total return of around 12%, ahead of the group’s 10% long-run average target.