26 April 2021
HENRY BOOT PLC
('Henry Boot' or 'the Group')
Planning granted for 2m sq. ft. distribution warehouse at Wakefield Hub
Planning permission has been granted for a new 2,000,000 sq. ft. distribution warehouse at Wakefield Hub, a 200-acre industrial and logistics scheme located adjacent to Junction 30 of the M62 in Yorkshire.
The joint application was made by Newmarket Lane Ltd and Mountpark and the decision allows for works to start on site in May, which will include a new spine road through the scheme and extensive landscaping. This will pave the way for the delivery of the warehouse by Mountpark which, when complete, could see the creation of around 1,500 new jobs.
Wakefield Hub is being delivered by Newmarket Lane Ltd, a joint venture between the Group's property development business HBD and Yorkcourt.
Wakefield Hub is a prime location for industrial and logistics operators in the North of England, offering unrivalled access to the M62, M1 and A1 and is also one of the largest regeneration projects of its kind in the UK. Regenerating the former Newmarket Colliery site, the development will secure vital inward investment and create thousands of new jobs, helping to create a thriving local economy in Wakefield.
Ed Hutchinson, Managing Director of HBD, said: "We are very pleased that the planning committee has approved the application for this latest development at Wakefield Hub - it's brilliant news for Wakefield and is a huge vote of confidence in the city as a place to invest."
ends-
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.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
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.
