Boot(Henry) PLC Phoenix 10 Development Scheme
November 25 2020 - 1:00AM
RNS Non-Regulatory
TIDMBOOT
Boot(Henry) PLC
25 November 2020
25 November 2020
HENRY BOOT PLC
('Henry Boot' or 'the Group')
Contracts exchanged and plans outlined for Phoenix 10
development scheme
Henry Boot PLC has exchanged contracts with Walsall Council and
Homes England on one of the largest regeneration projects in the
West Midlands.
The new GBP73m GDV development scheme, known as Phoenix 10, is
located in Walsall and will be delivered by the Group's property
development business, HBD, in partnership with Walsall Council and
Homes England. The 44-acre development project is the largest
undeveloped plot in the Black Country and is set to become a centre
for enterprise with up to 620,000 sq. ft. of industrial and
logistic space, attracting new jobs and investment to the
region.
Phoenix 10 is another long-term opportunity in Henry Boot's
industrial and logistics offering, which currently makes up
approximately 74% of the GBP1.4bn development pipeline. The scheme
has prime distribution access to the M6 via Junction 9 and is
capable of delivering units ranging from 21,000 sq. ft. to 415,000
sq. ft.
Henry Boot's strong financial position and long-standing
experience in delivering large scale development projects, leaves
the Group well placed to deliver another significant opportunity
from its GBP1.4bn development pipeline.
Ed Hutchinson, Managing Director of HBD, said: "This is one of
the most significant employment schemes coming forward in the West
Midlands - both in terms of scale and its potential to drive
business growth and is a great opportunity to bring new investment
into the area. We look forward to getting started on this exciting
project."
ends-
Enquiries:
Henry Boot PLC
Tim Roberts, Chief Executive Officer
Darren Littlewood, Group Finance Director
Daniel Boot, Group Communications & Brand Coordinator
Tel: 0114 255 5444
www.henryboot.co.uk
Numis Securities Limited
Joint Corporate Broker
Garry Levin/George Fry
Tel: 020 7260 1000
Peel Hunt LLP
Joint Corporate Broker
Charles Batten/Harry Nicholas
Tel: 020 7418 8900
Hudson Sandler
Financial PR
Nick Lyon/Wendy Baker
Tel: 020 7796 4133
About Henry Boot PLC
Henry Boot PLC (BOOT.L) was established over 130 years ago and
is one of the UK's leading and long-standing property investment
and development, land promotion and construction companies. Based
in Sheffield, the Group is comprised of the following three
segments:
Land Promotion:
Hallam Land Management Limited
Property Investment and Development:
Henry Boot Developments Limited (HBD) , Stonebridge Homes
Limited
Construction:
Henry Boot Construction Limited , Banner Plant Limited , Road
Link (A69) Limited
The Group possess a high-quality strategic land portfolio, an
enviable reputation in the property development market backed by a
substantial investment property portfolio and an expanding, jointly
owned, house building business. It has a construction specialism in
both the public and private sectors, a long-standing plant hire
business, and generates strong cash flows from its PFI contract
through Road Link (A69) Limited.
www.henryboot.co.uk
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END
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