Last checked at 20 Nov 2020 09:00
20 November 2020
HENRY BOOT PLC('Henry Boot' or 'the Group')
Update on Airport Business Park Scheme in Southend
Henry Boot PLC has completed construction enabling works at its 21-ha Airport Business Park Scheme (ABPS), which is located in a prime distribution area of Southend. ABPS is a £90m GDV joint venture between the Group's development business, HBD, and Southend-on-Sea Council. The scheme is set to create 3,500 jobs in the area.
Completion of the enabling works presents further development opportunities in the Group's £1.4bn development pipeline. The Group has secured outline planning permission for 1 million sq. ft. of flexible business space at the site, further adding to Henry Boot's industrial offering, which currently makes up approximately 74% of the development pipeline. The continued delivery and replenishment of the £1.4bn development pipeline will play a key role in keeping the Group in a strong position
In July ABPS secured its first occupier, IPECO Holdings, which took possession of a purpose-built building to be utilised in its manufacturing of seating for aircraft crews. With the enabling works complete, the Group is able deliver up to 52,500 sq. ft. buildings within an efficient 12-15-month timeframe and will now turn its focus on securing more occupiers.
Ed Hutchinson, Managing Director of HBD said: "ABPS is a significant development both for Henry Boot and Southend, creating valuable industrial and logistic space and employment in the area. Work is continuing to progress quickly on site, and we look forward to securing further tenants and submitting planning for further aspects of the scheme in the coming weeks."
For further information, please contact:
Henry Boot PLC
Tim Roberts, Chief Executive Officer
Darren Littlewood, Group Finance Director
Daniel Boot, Group Communications Coordinator
Tel: 0114 255 5444
www.henryboot.co.uk
Hudson Sandler
Nick Lyon/Wendy Baker
Tel: 020 7796 4133
henryboot@hudsonsandler.com
About Henry Boot PLC
Henry Boot PLC (BOOT.L) was established over 130 years ago and is one of the UK's leading and longest standing land promotion, property investment and development, and construction groups 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 (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, 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 plant hire business, and generates strong cash flows from its PFI contract, Road Link (A69) Limited.
www.henryboot.co.uk