Acquisition of two buildings in Leeds city centre

RNS Number : 0792J

Boot(Henry) PLC

18 December 2020

 

18 December 2020

HENRY BOOT PLC
('Henry Boot' or 'the Group')

Acquisition of two buildings for redevelopment in Leeds city centre

Henry Boot PLC has acquired 60,000 sq. ft. across two buildings in Mabgate, Leeds, a prime redevelopment area in the heart of the city.

The acquisition by HBD, our property development business, will see the complete redevelopment of the buildings and could add further potential to the Group's urban development and residential capabilities.

Its location is also of significant benefit to the redevelopment plans, being a short distance to the city's transportation networks and Leeds City Council identifying Mabgate as a key area of investment.

Henry Boot continues to prudently seek out new investments to replenish the £1.4bn development pipeline, which is made up of three long-term markets: residential, industrial and logistics, and urban development.

HBD Managing Director, Ed Hutchinson, said: "The buildings have massive potential for urban development, which is a key focus for us. There is significant investment being channelled into Mabgate and we look forward to putting our own plans together to support the wider regeneration programme."

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Enquiries:

Henry Boot PLC

Tim Roberts, Chief Executive Officer

Darren Littlewood, Group Finance Director

Daniel Boot, Group Communications & Brand Coordinator

Tel: [phone]

www.henryboot.co.uk

Numis Securities Limited

Joint Corporate Broker

Garry Levin/George Fry

Tel: [phone]

Peel Hunt LLP

Joint Corporate Broker

Charles Batten/Harry Nicholas

Tel: [phone]

Hudson Sandler

Financial PR

Nick Lyon/Wendy Baker

Tel: [phone]

About Henry Boot PLC

Henry Boot PLC (BOOT.L) was established over 130 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 possess a high-quality strategic land portfolio, an enviable reputation in the property development market backed by a substantial investment property portfolio and an expanding, jointly owned, house building business. It has a construction specialism in both the public and private sectors, a long-standing plant hire business, and generates strong cash flows from its PFI contract through Road Link (A69) Limited.

www.henryboot.co.uk

 

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