Pre-let agreed for industrial unit at Wakefield
19 March 2021
HENRY BOOT PLC
('Henry Boot' or 'the Group')
Pre-let agreed for 260,000 sq. ft. industrial unit at Wakefield Hub
Henry Boot PLC has announced a significant deal at Wakefield Hub, one of the largest industrial developments in the North of England.
HBD, the Group's property development business, will deliver a 260,000 sq. ft. industrial unit on behalf of a German pharmaceutical company. Subject to securing planning in mid 2021 work is expected to start on site in the second half of 2021 with the total GDV in excess of £30m.
Spanning 200-acres, Wakefield Hub is a joint venture partnership with developer, Yorkcourt, and is an important scheme for both the city and the wider region. Injecting crucial inward investment, it has the potential to create hundreds of new jobs, supporting a thriving economy.
One of the best locations for industrial and logistics operators in the North, the scheme offers unrivaled access to the M62, M1 and A1 and has seen strong interest from potential occupiers.
Henry Boot continues to prudently seek out new opportunities to grow the Group's development pipeline which is focussed on three long-term markets: industrial and logistics, residential, and urban development.
Ed Hutchinson, Managing Director of HBD, said: "This is the latest in a series of deals at Wakefield Hub, which has been very well-received by the market. Planning applications are already in the system for a further 2.2m sq. ft. at the scheme and we look forward to announcing further deals in due course."
ends-
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/George Fry
Tel: 020 7260 1000
Peel Hunt LLP
Joint Corporate Broker
Charles Batten/Harry Nicholas
Tel: 020 7418 8900
Hudson Sandler
Financial PR
Nick Lyon/Wendy Baker
Tel: 020 7796 4133
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 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.
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