Boot(Henry) PLC Henry Boot boosts pipeline with key acquisition
July 05 2021 - 1:00AM
RNS Non-Regulatory
TIDMBOOT
Boot(Henry) PLC
05 July 2021
05 July 2021
HENRY BOOT PLC
('Henry Boot' or 'the Group')
Henry Boot boosts pipeline with key industrial acquisition
Henry Boot's property developer, HBD, has acquired a prominent
industrial site in Welwyn Garden City for GBP6.2m before costs from
National Grid.
The 3.0-acre site on Tewin Road is located in a well-established
industrial area of the city and close to Junction 4 of the A1(M)
benefitting from close proximity to the wider national motorway
network beyond. Subject to planning the site will be redeveloped to
deliver c.70,000 sq ft of industrial/warehouse space with a GDV of
c.GBP20m. Work is anticipated to start on site in Q2 2022.
The acquisition forms part of the Group's core development
strategy targeting industrial and logistics, urban residential and
commercial schemes and it will continue to inject much-needed new
industrial space into the market, meeting established demand.
Ed Hutchinson, Managing Director of HBD, said: "This site is
extremely well located within an established South East industrial
location with neighbouring occupiers including Ocado, Aldi and ATS
Euromaster and offers excellent potential for redevelopment. During
the year we have been successful in seeking new development
opportunities and we look forward to announcing further deals in
the coming weeks."
-ends-
Enquiries:
Henry Boot PLC
Tim Roberts, Chief Executive Officer
Darren Littlewood, Group Finance Director
Daniel Boot, Group Communications Manager
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 135 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:
HBD (Henry Boot Developments Limited), 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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