Construction on significant urban development

RNS Number : 1807S

Boot(Henry) PLC

15 March 2021

 

15 March 2021

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

Henry Boot start construction on significant urban development

Henry Boot begin works on a major £42.5m urban development scheme in the city centre of Sheffield.

The Group's construction business, Henry Boot Construction, has been selected on two developments within the Heart of the City scheme, the cultural and social destination known as Cambridge Street Collective and Elshaw House - a brand new low-carbon office building.

Being delivered by Sheffield City Council and its Strategic Development Partner, Queensberry, the two developments will consist of a brand-new low carbon 70,000 sq ft of Grade A office space over seven floors, a 20,000 sq ft industrial-styled food hall and a 15,000 sq ft live entertainment venue.

The works are close to Henry Boot's other significant urban development scheme in Sheffield city centre, delivered by JV partners Angelo Gordon and Ridgeback Group. The Kangaroo Works is a 364- unit residential build to rent scheme. Both sites are due to commence in H1 2021.

Henry Boot is delighted to continue growing its expertise and opportunity pipeline within its three focused markets: urban development, residential, and industrial and logistics.

Simon Carr, Managing Director of Henry Boot Construction, said: "This is a strategically important urban development project for Henry Boot that will create a significant sustainable landmark in Sheffield city centre. We look forward to delivering a key part in Sheffield City Council's regeneration plans for the city."

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Enquiries:

Henry Boot PLC

Tim Roberts, Chief Executive Officer

Darren Littlewood, Group Finance Director

Daniel Boot, Group Communications Manager

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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