(Alliance News) - Henry Boot PLC on Friday said its development arm HBD won planning consent for a 200,000 square feet Manchester city centre office scheme.
The Sheffield, England-based property developer said the Colloco development will comprise 16 storeys of "high-quality" flexible offices designed with sustainability at its heart, with EPC A and BREEAM Excellent ratings being targeted.
The development is located in the St John's District of Manchester city centre. Henry Boot noted that the area, alongside nearby Spinningfields, are "hubs for the city's media, technology and creative sectors and in 2023 also saw the opening of the new Aviva Studios which is now the centrepiece of the city's arts scene".
Chief Executive Officer Tim Roberts commented: "We are seeing encouraging demand for best-in-class and sustainable offices in England's core cities from potential customers who see collaboration and the health and wellbeing of their employees as fundamental to their future success. Winning planning consent for Colloco takes us another step towards satisfying that strong demand."
Shares in Henry Boot were up 1.4% to 183.61 pence each in London on Friday morning.
By Greg Rosenvinge, Alliance News senior reporter
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Henry Boot (BOOT)