Planning granted for 2m sq. ft. warehouse

RNS Number : 6419W

Boot(Henry) PLC

27 April 2021

 

26 April 2021

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

Planning granted for 2m sq. ft. distribution warehouse at Wakefield Hub

Planning permission has been granted for a new 2,000,000 sq. ft. distribution warehouse at Wakefield Hub, a 200-acre industrial and logistics scheme located adjacent to Junction 30 of the M62 in Yorkshire.

The joint application was made by Newmarket Lane Ltd and Mountpark and the decision allows for works to start on site in May, which will include a new spine road through the scheme and extensive landscaping. This will pave the way for the delivery of the warehouse by Mountpark which, when complete, could see the creation of around 1,500 new jobs.

Wakefield Hub is being delivered by Newmarket Lane Ltd, a joint venture between the Group's property development business HBD and Yorkcourt.

Wakefield Hub is a prime location for industrial and logistics operators in the North of England, offering unrivalled access to the M62, M1 and A1 and is also one of the largest regeneration projects of its kind in the UK. Regenerating the former Newmarket Colliery site, the development will secure vital inward investment and create thousands of new jobs, helping to create a thriving local economy in Wakefield.

Ed Hutchinson, Managing Director of HBD, said: "We are very pleased that the planning committee has approved the application for this latest development at Wakefield Hub - it's brilliant news for Wakefield and is a huge vote of confidence in the city as a place to invest."

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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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