Boot(Henry) PLC Henry Boot completes GBP25m residential land sale
01 2월 2022 - 3:59PM
RNS Non-Regulatory
TIDMBOOT
Boot(Henry) PLC
01 February 2022
01 February 2022
HENRY BOOT PLC
('Henry Boot' or 'the Group')
Henry Boot completes GBP25m 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
GBP25m.
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
Property Investment and Development:
Henry Boot Developments Limited (HBD) , Stonebridge Homes
Limited
Construction:
Henry Boot Construction Limited , Banner Plant Limited , Road
Link (A69) Limited
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
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END
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February 01, 2022 01:59 ET (06:59 GMT)
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