HENRY BOOT WINS £36m REDEVELOPMENT CONTRACT

Boot(Henry) PLC

15 May 2024

 

 

15 May 2024

HENRY BOOT PLC

('Henry Boot' or 'the Company')

HENRY BOOT WINS CONTRACT TO DELIVER £36 MILLION ROTHERHAM MARKETS REDEVELOPMENT

Henry Boot PLC has announced that its construction business has been appointed by Rotherham Council to deliver the £36m redevelopment of Rotherham Markets and an adjacent new library, forming a key part of the wider town centre masterplan.

The project comprises a major refurbishment and redevelopment of the existing indoor and outdoor Rotherham Markets. This will include creating a vibrant new food hall and dining area on the first level above the existing ground floor retail, in addition to new workspace for charities, social enterprises and voluntary groups on the second floor.

While the refurbished adjoining outdoor market will continue to be used predominantly as a market for local traders, it will also be redeveloped for use as a multi-functional space to host exhibitions and community events. A new library will also be built to offer a café, meeting rooms and flexible gallery space.

As part of Henry Boot Construction's objective to make a positive impact in the region, the business has committed to deliver significant social value, employing local subcontractors, creating jobs and delivering training initiatives during construction.

The contract was procured and awarded to Henry Boot Construction through the Crown Commercial Services' (CCS) Construction Works and Associated Services framework.

Tim Roberts, CEO of Henry Boot, commented: "The Rotherham Markets is an important and significant local redevelopment and the fact that we have won this project is testament to the strength of our construction business and its track record of high-quality delivery, having led on major urban regeneration projects in Barnsley and Sheffield over recent years. In what is a challenging market for the sector, this latest contract means that we have now secured over 60% of our order book for 2024 and continue to work hard to grow our pipeline in our target markets."

Andrew Bramidge, Interim Strategic Director for Regeneration & Environment Rotherham Metropolitan Borough Council, said: "We're delighted to secure Henry Boot Construction as our partner in delivering this latest regeneration project in our historic town centre. Their building expertise will help breathe life into our detailed plans for this key location and produce an impressive new venue for present and future generations to enjoy."

-ENDS-

Enquiries:

FTI Consulting

Richard Sunderland / Giles Barrie

Tel: [phone]

Email: [e-mail]

Henry Boot PLC

Tim Roberts, Chief Executive Officer

Darren Littlewood, Chief Financial Officer

Daniel Boot, Senior Corporate Communications Manager

Tel: [phone]

www.henryboot.co.uk

Deutsche Numis

Joint Corporate Broker

Ben Stoop

Tel: [phone]

Peel Hunt LLP

Joint Corporate Broker

Ed Allsopp / Charles Batten

Tel: [phone]

About Henry Boot PLC

Henry Boot PLC (BOOT.L) was established in 1886 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 possesses a high-quality strategic land portfolio, a proven reputation in the property development market for creating places with purpose, 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 plant hire business, and generates strong cash flows from its PFI contract, Road Link (A69) Limited.

www.henryboot.co.uk

 

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