RCS - Boot(Henry) PLC - Sale of 1,270 Residential Plots at Tamworth

Henry BootAnnouncement

Tue 07:02

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RNS Number : 7791I  Boot(Henry) PLC  25 November 2025

Henry Boot completes sale of 1,270 residential plots to Persimmon Homes

 

Henry Boot announces that its land promotion and planning business, Hallam
Land, has completed the sale of a site with planning for 1,270 residential
units on the edge of Tamworth, Staffordshire, to national house builder
Persimmon Homes.

 

The sale resulted in an ungeared internal rate of return of 25% p.a. and
represents further progress in Hallam Land achieving its 2025 annual sales
target.

 

In 2016, Hallam Land reached an agreement with the landowners to develop the
237-acre site. Due to the site being located on the border between
Warwickshire and Tamworth, duplicate planning applications were initially
submitted in 2018 to North Warwickshire Borough Council and Tamworth Borough
Council. The site was allocated for housing in the North Warwickshire Local
Plan in 2021 and subsequently gained outline planning permission in June 2025.

 

The planning consent provides for 1,270 homes of which 30% are affordable, and
includes a 100 unit extra care facility, and a local community centre
alongside a primary school and sports pitches. A Biodiversity Net Gain of over
10% has also been forecast to improve the surrounding habitats.

 

Tim Roberts, CEO at Henry Boot, commented: "This latest transaction provides
further momentum towards achieving our 2025 sales target. It is the result of
years of collaboration with local councils and planners and again demonstrates
Hallam Land's expertise in securing planning permissions for homes on large
and complex sites. The sale to Persimmon demonstrates the continued appetite
amongst national housebuilders for well located land with planning consent and
will help deliver much-needed homes and community amenities, while creating
value for our investors at the same time."

Emily Berville Charlesworth, Head of Land at Persimmon Homes and Charles
Church in the Central region said: "We are delighted to have completed the
purchase of this land. Plans for the site will see the integration of large
scale, new housing and public open space alongside a number of education and
community facilities as well as environmental enhancements. We are now working
on the first phase of detailed planning consent with a view to submitting to
the Local Authority in early 2026."

Neil Williams, Regional Managing Director at Persimmon Homes Central and West
Midlands said: "This site offers the opportunity for two of our operating
businesses to work together to deliver substantial new homes in the North
Warwickshire area which will support the Local Authority in meeting their
housing targets. We believe the location, and the plans we are creating, will
offer a great environment where people will want to live."

 

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 manages one of the top five largest land portfolios in the country, with
the potential to facilitate over 105,000 homes. HBD manages a development
pipeline of £1.3bn, the equivalent of 8.3m sq ft of developments across our
key markets, while maintaining a £96m investment portfolio, of which 90% 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
c.2,500 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

Oliver Hardy

0207 260 1000

 

Peel Hunt LLP

Joint Corporate Broker

Ed Allsopp / Pete Mackie

0207 418 8900

 

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