Pre-let agreed for industrial unit at Wakefield

19 March 2021

HENRY BOOT PLC
('Henry Boot' or 'the Group')

Pre-let agreed for 260,000 sq. ft. industrial unit at Wakefield Hub

Henry Boot PLC has announced a significant deal at Wakefield Hub, one of the largest industrial developments in the North of England.

HBD, the Group's property development business, will deliver a 260,000 sq. ft. industrial unit on behalf of a German pharmaceutical company. Subject to securing planning in mid 2021 work is expected to start on site in the second half of 2021 with the total GDV in excess of £30m.

Spanning 200-acres, Wakefield Hub is a joint venture partnership with developer, Yorkcourt, and is an important scheme for both the city and the wider region. Injecting crucial inward investment, it has the potential to create hundreds of new jobs, supporting a thriving economy.

One of the best locations for industrial and logistics operators in the North, the scheme offers unrivaled access to the M62, M1 and A1 and has seen strong interest from potential occupiers.  

Henry Boot continues to prudently seek out new opportunities to grow the Group's development pipeline which is focussed on three long-term markets: industrial and logistics, residential, and urban development.

Ed Hutchinson, Managing Director of HBD, said: "This is the latest in a series of deals at Wakefield Hub, which has been very well-received by the market. Planning applications are already in the system for a further 2.2m sq. ft. at the scheme and we look forward to announcing further deals in due course."

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Enquiries:

Henry Boot PLC

Tim Roberts, Chief Executive Officer

Darren Littlewood, Group Finance Director

Daniel Boot, Group Communications Manager

Tel: 0114 255 5444

www.henryboot.co.uk

Numis Securities Limited

Joint Corporate Broker

Garry Levin/George Fry

Tel: 020 7260 1000

Peel Hunt LLP

Joint Corporate Broker

Charles Batten/Harry Nicholas

Tel: 020 7418 8900

Hudson Sandler

Financial PR

Nick Lyon/Wendy Baker

Tel: 020 7796 4133

About Henry Boot PLC

Henry Boot PLC (BOOT.L) was established over 135 years ago 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 possess 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, house building business. It has a construction specialism in both the public and private sectors, a long-standing plant hire business, and generates strong cash flows from its PFI contract through Road Link (A69) Limited.

www.henryboot.co.uk