Joint Venture

RNS Number : 3958R

Boot(Henry) PLC

29 October 2019

 

Henry Boot PLC

 ("Henry Boot")

Midlands Joint Venture created to promote strategic site

Henry Boot PLC, a company engaged in land promotion, property investment and development, and construction is pleased to announce that it has entered into a joint venture to pursue a strategic land opportunity in the Midlands as it continues to grow its long-term land pipeline for new residential and commercial development.

Hallam Land Management Limited, a subsidiary of Henry Boot, has entered into a 50/50 joint venture with Harworth Estates Investments Limited ("Harworth"), part of Harworth Group plc, with a view to promoting and developing a mixed-use strategic land opportunity in the Midlands. 

John Sutcliffe, Chief Executive Officer of Henry Boot, said:

"This deal represents the continued expansion of our strategic land bank, leveraging the value brought by our regional operating model.  We look forward to working with the Harworth team on this new opportunity."

For further information, please contact:

Henry Boot PLC

John Sutcliffe, Chief Executive Officer

Darren Littlewood, Group Finance Director

Tel: [phone]

www.henryboot.co.uk

Numis Securities Limited

Joint Corporate Broker

Garry Levin

Tel: [phone]

Peel Hunt LLP

Joint Corporate Broker

Charles Batten

Tel: [phone]

Hudson Sandler LLP

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 & Development: 

Henry Boot Developments Limited, 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 growing 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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