RCS - Boot(Henry) PLC - Henry Boot completes £25m residential land sale

Henry BootAnnouncement

01/02/2022 07:00

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RNS Number : 2014A  Boot(Henry) PLC  01 February 2022

 

01 February 2022

HENRY BOOT PLC

('Henry Boot' or 'the Group')

Henry Boot completes £25m residential land sale

Henry Boot's land promotion business, Hallam Land Management (HLM), has
completed the sale of 760 plots to national housebuilder Barratt Developments
and Vistry Partnerships for a total price of £25m.

 

The 125-acre site, located in Bridport, West Dorset, was contracted under a
Planning Promotion Agreement in 2009. HLM then worked with the Local Planning
Authority and local stakeholders to secure an allocation in the adopted West
Dorset, Weymouth and Portland Local Plan in 2015. Planning permission was
secured in May 2019 for 760 plots, 10 acres of employment land and further
mixed-use development including shops and a primary school. The sale to
Barratt Developments exchanged in 2021.

 

The sites community benefits include a total of 54 acres of public open space,
within which 15 acres of new woodland will be planted, new leisure routes
installed alongside equipped play areas, sports pitches, changing rooms, a
multi-use games area and allotments.

 

Nick Duckworth, Managing Director of HLM, said: 'This significant deal with
Barratt Developments and Vistry Partnerships will deliver much needed new
homes in Bridport. It further highlights our capabilities in masterdeveloping
a site to deliver homes, employment space, community facilities and open
spaces.'

 

Philip Barnes, Group Land and Planning Director of Barratt Developments, said:
'This high-quality site is in a great location and is an excellent opportunity
for us. Hallam Land Management have once again created the makings of a great
scheme which we look forward to delivering to Bridport shortly.'

 

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

Tel: 020 7260 1000

 

Peel Hunt LLP

Joint Corporate Broker

Charles Batten/Harry Nicholas

Tel: 020 7418 8900

 

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
(http://www.henryboot.co.uk/our-businesses/hallam-land-management/)

 

Property Investment and Development:
Henry Boot Developments Limited (HBD)
(http://www.henryboot.co.uk/our-businesses/hbd/) , Stonebridge Homes Limited
(http://www.henryboot.co.uk/our-businesses/stonebridge-homes/)

 

Construction:
Henry Boot Construction Limited
(http://www.henryboot.co.uk/our-businesses/henry-boot-construction/) , Banner
Plant Limited (http://www.henryboot.co.uk/our-businesses/banner-plant/) , Road
Link (A69) Limited (http://www.henryboot.co.uk/our-businesses/road-link-a69/)

 

The Group possesses a high-quality strategic land portfolio, a proven
reputation in the property development market for creating places with
purpose, backed by a substantial investment property portfolio and an
expanding, jointly owned, housebuilding business. It has a construction
specialism in both the public and private sectors, a plant hire business, and
generates strong cash flows from its PFI contract, Road Link (A69) Limited.

 

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

 

 

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