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On 08 June 2026, Henry Boot PLC announced that its Hallam Land business completed the sale of a site in Biggleswade, Bedfordshire, with planning permission for 416 residential units. The site was sold to Persimmon and generated an ungeared internal rate of return of 16.9% per annum from the transaction.
Henry Boot completes sale of 416 residential plots in Bedfordshire
Henry Boot announces that its land promotion and planning business, Hallam Land, has completed the sale of a site in Biggleswade, Bedfordshire, with planning permission for 416 residential units, to national home builder Persimmon.
The sale generated an ungeared internal rate of return of 16.9% per annum and represents further progress towards Hallam Land's annual sales target and will contribute to the group's 2026 financial performance.
In 2017, Hallam Land entered into a planning promotion agreement with the landowners for the 105 acre site, which is located on the northern edge of Biggleswade and is less than one mile from the A1.
In 2018, Central Bedfordshire Council submitted its draft Local Plan, including allocating 43 acres of the site, which was adopted in July 2021. During the process, Hallam Land submitted an outline planning application that was refused in September 2023 due to highways and access concerns but later allowed on appeal in November 2024. While the appeal was ongoing, a revised application was made incorporating an alternative site access on additional land. This application, the subject of the sale, was approved in November 2025.
In addition to delivering new homes, including up to 125 affordable units, the wider site will provide significant community benefits, including substantial s106 contributions and new areas of public open space.
Tim Roberts, CEO at Henry Boot, commented: "This transaction is another strong example of Hallam Land's ability to both consistently unlock value through the promotion of well located strategic land and subsequently realise that value for shareholders through sales to housebuilders. As a result of the sale, much needed new homes, including affordable housing, will be delivered alongside meaningful benefits for the local community".
Notes to editors
Henry Boot is one of the UK's leading land, property development and home building businesses - and we've been transforming land and spaces since 1886. Listed on the London Stock Exchange for nearly 100 years, we're renowned for quality, expertise, delivery and a partnership approach across the group, which comprises Hallam Land, HBD, Stonebridge Homes and Banner Plant. We have developed a responsible business strategy to help us meet our aim of being net zero carbon by 2030.
Operating across the UK, and employing over 400 people, we focus on three key markets: residential, industrial and logistics, and urban development. Hallam Land has facilitated 52,000 new homes since 1990, managing one of the top five largest land portfolios in the country, with the potential to facilitate over 100,000 homes.
HBD manages a development pipeline of £1.4 billion, the equivalent of 7 million sq ft of developments across our key markets, while maintaining a c.£120 million investment portfolio.
Stonebridge Homes, our jointly-owned home building business, manages a land portfolio capable of delivering 1,500 homes, with an ambition to deliver up to 600 new homes a year.
For 65 years, Banner Plant has supplied construction products and services, operating from seven regional depots in the north of England.
From land promotion and property development investment to home building and plant hire, Henry Boot is where great places start.
Enquiries
FTI Consulting
Richard Sunderland / Giles Barrie
07894 797067 / 07798 926814
Henry Boot PLC
Tim Roberts, Chief Executive Officer
Darren Littlewood, Chief Financial Officer
Daniel Boot, Senior Corporate Communications Manager
07825 088807
henryboot.co.uk
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Joint Corporate Broker
Oliver Hardy
0207 260 1000
Peel Hunt LLP
Joint Corporate Broker
Ed Allsopp / Tom Graham
0207 418 8900