Henry Boot (GB:BOOT) has released an update.
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Henry Boot PLC’s land promotion business, Hallam Land Management, has successfully exchanged contracts with Mulberry Homes for the sale of a 75-home site in Oxfordshire, with completion expected in the second half of 2024. This strategic move demonstrates Henry Boot’s expertise in land promotion and planning, yielding an attractive 19% p.a. internal rate of return. The deal highlights the company’s ability to address housing shortages while delivering shareholder value.
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