RCS - Boot(Henry) PLC - HENRY BOOT WINS CONSENT FOR OFFICE DEVELOPMENT

Henry BootAnnouncement

08/03/2024 08:00

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RNS Number : 1423G  Boot(Henry) PLC  08 March 2024

 

8 March 2024

HENRY BOOT PLC

('Henry Boot' or 'the Group')

HENRY BOOT WINS CONSENT FOR MAJOR MANCHESTER OFFICE DEVELOPMENT

Henry Boot PLC, a Company engaged in land promotion, property investment and
development, and construction, announces that its development arm HBD has won
planning consent for a 200,000 sq ft Manchester city centre office scheme.

Colloco, in the St John's District of Manchester city centre, will comprise 16
storeys of high-quality flexible offices designed with sustainability at its
heart, with EPC A and BREEAM Excellent ratings being targeted.

In a 23 January Trading Update, Henry Boot said that for the year ended 31
December 2023 HBD had performed above expectations, with continued growth of
its completed schemes to a Gross Development Value of £126 million (HBD Share
£111m), of which 100% had been pre-let or pre-sold.

The St John's and nearby Spinningfields areas of Manchester are hubs for the
city's media, technology and creative sectors and in 2023 also saw the opening
of the new Aviva Studios which is now the centrepiece of the city's arts
scene.

Tim Roberts, Chief Executive Officer commented:

"We are seeing encouraging demand for best-in-class and sustainable offices in
England's core cities from potential customers who see collaboration and the
health and wellbeing of their employees as fundamental to their future
success.

"Winning planning consent for Colloco takes us another step towards satisfying
that strong demand."

Planning consent for Colloco was secured in the week after HBD and Greater
Manchester Pension Fund topped out Island, a 100,000 sq ft net zero carbon,
smart-enabled Grade A office scheme in John Dalton Street - also in Manchester
city centre.

-ends-

Enquiries:

 

Henry Boot PLC

Daniel Boot, Senior Corporate Communications Manager

Tel: 07825 088807

www.henryboot.co.uk

 

FTI Consulting

Financial PR

Giles Barrie/Richard Sunderland

Tel: 07798 926814

henryboot@fticonsulting.com

 

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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