Information  X 
Enter a valid email address

Boot(Henry) PLC (BOOT)

  Print          Annual reports

Wednesday 25 November, 2020

Boot(Henry) PLC

Phoenix 10 Development Scheme

RNS Number : 3859G
Boot(Henry) PLC
25 November 2020


25 November 2020


('Henry Boot' or 'the Group')

Contracts exchanged and plans outlined for Phoenix 10 development scheme


Henry Boot PLC has exchanged contracts with Walsall Council and Homes England on one of the largest regeneration projects in the West Midlands.


The new £73m GDV development scheme, known as Phoenix 10, is located in Walsall and will be delivered by the Group's property development business, HBD, in partnership with Walsall Council and Homes England. The 44-acre development project is the largest undeveloped plot in the Black Country and is set to become a centre for enterprise with up to 620,000 sq. ft. of industrial and logistic space, attracting new jobs and investment to the region.


Phoenix 10 is another long-term opportunity in Henry Boot's industrial and logistics offering, which currently makes up approximately 74% of the £1.4bn development pipeline. The scheme has prime distribution access to the M6 via Junction 9 and is capable of delivering units ranging from 21,000 sq. ft. to 415,000 sq. ft.


Henry Boot's strong financial position and long-standing experience in delivering large scale development projects, leaves the Group well placed to deliver another significant opportunity from its £1.4bn development pipeline.


Ed Hutchinson, Managing Director of HBD, said: "This is one of the most significant employment schemes coming forward in the West Midlands - both in terms of scale and its potential to drive business growth and is a great opportunity to bring new investment into the area. We look forward to getting started on this exciting project."






Henry Boot PLC

Tim Roberts, Chief Executive Officer

Darren Littlewood, Group Finance Director

Daniel Boot, Group Communications & Brand Coordinator

Tel: 0114 255 5444


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 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 and Development:
Henry Boot Developments Limited (HBD) , Stonebridge Homes Limited


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.




This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

a d v e r t i s e m e n t