Second stage of £180 million regeneration project

RNS Number : 2722H

Boot(Henry) PLC

31 July 2019

 

 

31 July 2019

HENRY BOOT PLC

('Henry Boot', 'the Company' or 'the Group')

SECOND STAGE OF £180 MILLION REGENERATION PROJECT SECURED

Henry Boot PLC, a company engaged in land promotion, property investment and development, and construction, announces that its subsidiary, Henry Boot Construction Limited has signed a contract with Barnsley Council to deliver Phase 2 of The Glass Works development scheme.

The Glass Works Phase 2 is the second stage of a £180 million regeneration project which commenced back in March 2016. Phase 1, also completed by Henry Boot Construction, saw the creation of the new state-of-the-art Library @ the Lightbox and the transformation of Barnsley Markets, to establish a new home for the town's market traders.

Phase 2 of the works are set to include 100,000 sq ft of new retail space for a variety of shops and over 25,000 sq. ft of cafés and restaurants that will frame a new landscaped public square and create a new shopping route. Two key leisure anchors - Cineworld and Superbowl UK and more than 90,000 sq. ft of leisure facilities will also be delivered. Cineworld will offer a modern, 13 screen multiplex cinema, whilst Superbowl UK will provide a fun environment for all ages with ten pin bowling.

Commenting on the contract, Simon Carr, Managing Director, Henry Boot Construction, said:

"We are delighted to have secured Phase 2 of The Glass Works, building on the success of Phase 1 where we maintained exceptional working relationships with our partners and supply chain, working collaboratively together to deliver the project to the very highest standards. We also recognise the hard work and diligence of our pre-construction team in securing Phase 2.

"This is a really exciting time for the people of Barnsley and as a local contractor we are very proud to be on the journey with them."

Ryan O'Loughlin, Director, Henry Boot Construction Limited, added:

"It is fantastic news that we are able to continue our partnership with Barnsley Council on The Glass Works project. Phase 1 of the scheme has already delivered the regeneration of Barnsley Markets, the new library and extensive Public Realm works. It is a multiple award-winning project but the part of the contract we are most proud of is our work in the local community.

"60 per cent of project staff are from Barnsley and have a real passion for ensuring the legacy of the project extends beyond bricks and mortar. To date, we have supported over 100 local training, employment and community projects with over £250,000 worth of funding. We have established the Barnsley Construction Skills Village and Better Barnsley bond initiatives - both with the aim of leaving a legacy beyond the completion of the project.

"More than £20 million worth of contracts have been awarded to Barnsley-based businesses with over 200 new and safeguarded jobs. Our work with local education providers is unprecedented, with over 250 educational visits and workshops with Barnsley schools and 285 work experience placements for Barnsley students. 

"We look forward to building on these achievements throughout The Glass Works Phase 2."

Sir Stephen Houghton CBE, Leader of Barnsley Council said:

"Henry Boot have already delivered fantastic results, so we are pleased to have them on board for the next phase of the scheme. Their commitment to not only the project but the local community is outstanding and they have made a significant impact in terms of employment and educational opportunities.

"The team is great to work with and there is a real partnership ethos across the whole project - we would like to congratulate them on being appointed and look forward to continuing to work with them".

Phase 2 works are expected to be completed in June 2021.

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

Corporate Broker

Garry Levin/ Tom Ballard

Tel: [phone]

Peel Hunt

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 land promotion, property investment and development, and construction Group of Companies. Based in Sheffield, the Group comprises 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 possesses 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, housebuilding 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, Road Link (A69) Limited.

www.henryboot.co.uk

 

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