Last checked at 18 Nov 2021 07:00
18 November 2021
HENRY BOOT PLC('Henry Boot' or 'the Group')
Henry Boot secures significant urban development in York
Henry Boot has secured a £47m urban development scheme, The Cocoa Works, in the city centre of York.
The Group's construction business, Henry Boot Construction, has been selected as the contractor to refurbish York's historical Rowntree Factory into 279 high-quality, characterful apartments, which is being delivered by Latimer, the development arm of Clarion Housing Group.
The Cocoa Works will comprise seven studios, 111 one-bedroom apartments, 146 two-bedroom apartments and 15 three-bedroom apartments, of which 84 will be available for shared ownership providing a wide range of options for potential buyers. The works, which will also deliver extensive community space, commenced last month, with a target completion date of Q4 2023.
Henry Boot Construction's order book for 2022 is now 100% secured, as the Group continues to grow its opportunity pipeline within its three focused markets: industrial and logistics, residential, and
urban development.
Tony Shaw, Managing Director of Henry Boot Construction, said: "We are thrilled to add this development to our growing portfolio of major urban development schemes. City centres are changing rapidly, and we understand the important role that quality residential has to play in their regeneration."
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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 possesses a high-quality strategic land portfolio, a proven reputation in the property development market for creating places with purpose, 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