15 March 2021
HENRY BOOT PLC
('Henry Boot' or 'the Group')
Henry Boot start construction on significant urban development
Henry Boot begin works on a major £42.5m urban development scheme in the city centre of Sheffield.
The Group's construction business, Henry Boot Construction, has been selected on two developments within the Heart of the City scheme, the cultural and social destination known as Cambridge Street Collective and Elshaw House - a brand new low-carbon office building.
Being delivered by Sheffield City Council and its Strategic Development Partner, Queensberry, the two developments will consist of a brand-new low carbon 70,000 sq ft of Grade A office space over seven floors, a 20,000 sq ft industrial-styled food hall and a 15,000 sq ft live entertainment venue.
The works are close to Henry Boot's other significant urban development scheme in Sheffield city centre, delivered by JV partners Angelo Gordon and Ridgeback Group. The Kangaroo Works is a 364- unit residential build to rent scheme. Both sites are due to commence in H1 2021.
Henry Boot is delighted to continue growing its expertise and opportunity pipeline within its three focused markets: urban development, residential, and industrial and logistics.
Simon Carr, Managing Director of Henry Boot Construction, said: "This is a strategically important urban development project for Henry Boot that will create a significant sustainable landmark in Sheffield city centre. We look forward to delivering a key part in Sheffield City Council's regeneration plans for the city."
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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 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
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.
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