Henry Boot completes sale of 160 residential plots to HarperCrewe

Henry Boot announces that its land promotion and planning business, Hallam Land, has completed the sale of a site with planning for 160 residential units in Queniborough, Leicestershire, to house builder HarperCrewe.  

The sale resulted in an ungeared internal rate of return of 33% p.a. It represents further progress in Hallam Land achieving its annual sales target, and will contribute towards the group's 2025 financial performance.

In 2016, Hallam Land entered into a planning promotion agreement with the landowners. The site, which is located eight miles north east of Leicester was included in the Charnwood Borough Council Local Plan, and in July 2023, Hallam Land submitted a planning application in line with the draft allocation. The application was successfully approved in December 2024.

In addition to the 160 homes, of which 30% will be affordable, the consent will deliver over 12 acres of green infrastructure, incorporating allotments, improved habitats to meet Biodiversity Net Gain and recreational and play space for new residents.

Tim Roberts, CEO at Henry Boot, commented: "Hallam Land continues to benefit from the improved planning environment and sustained strong demand from UK housebuilders for land in prime locations. The sale to HarperCrewe represents another successful milestone for Hallam Land, keeping the business firmly on track to meet its annual sales target and deliver a strong contribution to the group's 2025 financial performance."

Notes to editors

Henry Boot is one of the UK's leading land, property development, home building and construction businesses - and we've been transforming land and spaces since 1886. Listed on the London Stock Exchange since 1919, we're renowned for quality, expertise, delivery and a partnership approach across the group - which comprises, Hallam Land, HBD, Stonebridge, Henry Boot Construction, Banner Plant and Road Link.

Operating across the UK, and employing over 500 people, we focus on three key markets: urban development, industrial and logistics and residential. Hallam Land manages one of the top five largest land portfolios in the country, with the potential to facilitate over 105,000 homes. HBD manages a development pipeline of £1.3bn, the equivalent of 8.3m sq ft of developments across our key markets, while maintaining a £96m investment portfolio, of which 90% of the properties have an EPC rating of 'C' or higher. Stonebridge, our jointly owned home building business, manages a land portfolio capable of delivering c.2,500 homes, with an ambition to deliver up to 600 new homes a year.

Henry Boot Construction has extensive experience in both the public and private sectors, including major projects such as the £200m regeneration of Barnsley town centre, and The Cocoa Works, a £57m residential development in York. For over 65 years, Banner Plant has supplied construction products and services, operating from seven regional depots in the North of England.

We have also developed an ambitious Responsible Business Strategy to help us meet our aim of being Net Zero Carbon by 2030, and to deliver, by 2025, charitable, community and education work valued at £1m.

From land promotion, property development and investment to home building, construction and plant hire, Henry Boot is where great places start.

henryboot.co.uk

Enquiries

FTI Consulting

Richard Sunderland / Giles Barrie

07894 797067 / 07798 926814

[email protected]

Henry Boot PLC

Tim Roberts, Chief Executive Officer

Darren Littlewood, Chief Financial Officer

Daniel Boot, Senior Corporate Communications Manager

07825 088807

[email protected]

henryboot.co.uk

Deutsche Numis

Joint Corporate Broker

Oliver Hardy

0207 260 1000

Peel Hunt LLP

Joint Corporate Broker

Ed Allsopp / Pete Mackie

0207 418 8900