Joint Venture

RNS Number : 3032T
Boot(Henry) PLC
13 November 2019
 

                                                                                                                       

 

 

 

 

 

 

Henry Boot PLC

 ("Henry Boot")

 

Joint venture for promotion of Midlands site signed

 

 

Henry Boot PLC, a company engaged in land promotion, property investment and development, and construction has entered into a 50/50 joint venture through its subsidiary, Hallam Land Management Limited ("Hallam") with Harworth Estates Investments Limited ("Harworth"), part of Harworth Group plc, to promote a further strategic land opportunity in the Midlands for residential development.

 

 

John Sutcliffe, Chief Executive Officer of Henry Boot, said:

 

"This deal represents a further investment by Henry Boot in the Midlands, a clear reflection of the underlying strength of the local residential market.  We look forward to working with Harworth on this opportunity."

 

 

Notes

 

This is the second of two planned joint venture arrangements between Hallam and Harworth, the first of which was the subject of a Regulatory News Service announcement on 29 October 2019. 

 

 

For further information, please contact:

 

Henry Boot PLC

John Sutcliffe, Chief Executive Officer

Darren Littlewood, Group Finance Director

Tel: 0114 255 5444

www.henryboot.co.uk

 

Numis Securities Limited

Joint Corporate Broker

Garry Levin

Tel: 020 7260 1000

 

Peel Hunt LLP

Joint Corporate Broker

Charles Batten

Tel: 020 7418 8900

 

Hudson Sandler LLP

Financial PR

Nick Lyon/Wendy Baker

Tel: 020 7796 4133

 

About Henry Boot PLC

 

Henry Boot PLC (BOOT.L) was established over 130 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 & Development: 

Henry Boot Developments Limited, 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 growing plant hire business, and generates strong cash flows from its PFI contract through Road Link (A69) Limited.

www.henryboot.co.uk

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
JVEGGGUWGUPBGPW

Companies

Henry Boot (BOOT)
UK 100

Latest directors dealings