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An announcement from Henry Boot ( (GB:BOOT) ) is now available.
Henry Boot, through its property investment and development arm HBD, has partnered with Feldberg Capital to launch a new UK-focused industrial and logistics platform called Origin. This joint venture is seeded with a £100 million development portfolio and aims to develop next-generation, ESG-compliant mid-box industrial and logistics assets across the UK. With HBD holding a 25% share and acting as development manager, the venture is set to deliver approximately 450,000 sq ft of prime space initially, with plans to expand to £1 billion of projects over the next seven years. This strategic move is expected to accelerate Henry Boot’s existing pipeline and capitalize on favorable market conditions, particularly in the wake of growing e-commerce and the trend of onshoring production in the UK.
More about Henry Boot
Henry Boot is a leading UK-based company specializing in land, property development, home building, and construction. Established in 1886 and listed on the London Stock Exchange since 1919, the company is known for its quality and expertise in urban development, industrial and logistics, and residential markets. It operates through several divisions, including Hallam Land, HBD, Stonebridge, and Henry Boot Construction, employing over 500 people across the UK.
YTD Price Performance: 14.83%
Average Trading Volume: 92,197
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £307.4M
Learn more about BOOT stock on TipRanks’ Stock Analysis page.
