Boot(Henry) PLC Acquisition of two buildings in Leeds city centre
December 18 2020 - 1:00AM
RNS Non-Regulatory
TIDMBOOT
Boot(Henry) PLC
18 December 2020
18 December 2020
HENRY BOOT PLC
('Henry Boot' or 'the Group')
Acquisition of two buildings for redevelopment in Leeds city
centre
Henry Boot PLC has acquired 60,000 sq. ft. across two buildings
in Mabgate, Leeds, a prime redevelopment area in the heart of the
city.
The acquisition by HBD, our property development business, will
see the complete redevelopment of the buildings and could add
further potential to the Group's urban development and residential
capabilities.
Its location is also of significant benefit to the redevelopment
plans, being a short distance to the city's transportation networks
and Leeds City Council identifying Mabgate as a key area of
investment.
Henry Boot continues to prudently seek out new investments to
replenish the GBP1.4bn development pipeline, which is made up of
three long-term markets: residential, industrial and logistics, and
urban development.
HBD Managing Director, Ed Hutchinson, said: "The buildings have
massive potential for urban development, which is a key focus for
us. There is significant investment being channelled into Mabgate
and we look forward to putting our own plans together to support
the wider regeneration programme."
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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