RCS - Boot(Henry) PLC - Completion and planning secured at I&L scheme

Henry BootAnnouncement

28/08/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240828:nRSb8760Ba&default-theme=true

RNS Number : 8760B  Boot(Henry) PLC  28 August 2024

Henry Boot secures planning consent for 75,000 sq ft of industrial &
logistics at Southend Airport Business Park following completion of £15m unit

 

Henry Boot announces that HBD, the group's property investment and development
arm, has completed a £15m GDV industrial & logistics ('I&L') unit at
Airport Business Park Southend ('ABPS'), while also being granted planning
permission to bring forward a further 75,000 sq ft.

In April 2023, HBD agreed to develop a 140,000 sq ft freehold design and build
unit for Ipeco Holdings ('Ipeco'), one of the world's leading manufacturers in
aircraft seating. Practical completion was achieved in June 2024 and Ipeco has
now taken occupation of the building. This more than doubles their
manufacturing space at ABPS, less than two years after moving into a 124,000
sq. ft. purpose-built unit and demonstrates both the high quality of the ABPS
scheme and the strong partnership between HBD and IPECO.

HBD has also received planning permission for a further 75,000 sq ft across
two units at ABPS. These will be marketed to potential occupiers on a design
and build basis and anticipates works on start commencing in Q1 2025.

ABPS is a 52 acre I&L scheme in Southend, Essex, delivered in partnership
between HBD and Southend-on-Sea City Council. It represents a £150 million
investment in best-in-class spaces and infrastructure, including 'Launchpad',
a new innovation facility hub spanning 3,254 square meters.

Tim Roberts, CEO of Henry Boot PLC, commented: "HBD's practical completion and
further expansion at ABPS is testament to the quality and appeal of the
premium, purpose-built sites we design and deliver, which are highly sought
after by occupiers. We look forward to maintaining our partnership with
Southend-on-Sea City Council as Airport Business Park Southend continues to
establish itself as a leading industrial and logistics hub in the region,
welcoming businesses of all sizes to expand and innovate. Additionally,
achieving further planning permission allows us to continue to meet high
occupier demand and ease the critical undersupply of industrial space that
exists in the Southend area."

ENDS

 

Notes to editors

Henry Boot is one of the UK's leading land, property development, home
building and construction businesses - and we've been transforming land and
spaces since 1886. Listed on the London Stock Exchange since 1919, we're
renowned for quality, expertise, delivery and a partnership approach across
the group - which comprises, Hallam Land, HBD, Stonebridge, Henry Boot
Construction, Banner Plant and Road Link.

Operating across the UK, and employing over 500 people, we focus on three key
markets: urban development, industrial and logistics and residential. Hallam
Land has facilitated 52,000 new homes since 1990, managing one of the top five
largest land portfolios in the country, with the potential to facilitate over
100,000 homes. HBD manages a development pipeline of £1.3bn, the equivalent
of 7m sq ft of developments across our key

markets, while maintaining a £113m investment portfolio, of which 73% of the
properties have an EPC rating of 'C' or higher. Stonebridge, our jointly-owned
home building business, manages a land portfolio capable of delivering 1,500
homes, with an ambition to deliver up to 600 new homes a year.

Henry Boot Construction has extensive experience in both the public and
private sectors, including major projects such as the £200m regeneration of
Barnsley town centre, and The Cocoa Works, a £57m residential development in
York. For over 65 years, Banner Plant has supplied construction products and
services, operating from seven regional depots in the North of England. We
have also developed an ambitious Responsible Business Strategy to help us meet
our aim of being Net Zero Carbon by 2030, and to deliver, by 2025, charitable,
community and education work valued at £1m.

From land promotion, property development and investment to home building,
construction and plant hire, Henry Boot is where great places start.

 

henryboot.co.uk (http://www.henryboot.co.uk/)

Enquiries

 

FTI Consulting

Richard Sunderland/Giles Barrie

07894 797067 / 07798 926814

henryboot@fticonsulting.com

 

Henry Boot PLC

Tim Roberts, Chief Executive Officer

Darren Littlewood, Chief Financial Officer

Daniel Boot, Senior Corporate Communications Manager

07825 088807

dboot@henryboot.co.uk

henryboot.co.uk

 

Deutsche Numis

Joint Corporate Broker

Ben Stoop

0207 260 1000

 

Peel Hunt LLP

Joint Corporate Broker

Ed Allsopp / Pete Mackie

0207 418 8900

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAPRMATMTATBRI