Henry Boot kicks off strong development pipeline

Aaron Morby 11 years ago
Share

Property and construction group Henry Boot is bringing forward a raft of land and property developments.

The Sheffield firm also said its construction arm was on track to exceed budgeted turnover for the year and expected to secure 60% of next year’s turnover at year end.

But it warned that traditional construction work going forward would be difficult to find at an acceptable margin in the present market.

In a cautiously upbeat half-year trading statement, Boot said social housing was providing a steady stream of building work under long-term frameworks in Scunthorpe, Manchester, and Doncaster.

Its construction arm has just won two new schemes in Hull and Wakefield under the EN Procure Framework and a second scheme under the Yorkshire Housing Framework.

Boot’s land and development pipeline promises to deliver better returns this year.

Hallam Land will shortly release for sale a record number of consented sites at Banbury, Mansfield, Bishopbriggs, Kilmarnock, Torrance, Edinburgh, Desford, Tillicoultry, Long Buckby, Kegworth, Highbridge, Winsford and Stratford-upon-Avon.

    Development pipeline

    The firm has signed a deal with Tesco to build a 36,000 sq ft store at its Thorne development site in Doncaster, with construction work across the wider scheme due to start in the first half of 2013.

    A building contract has been let and contractors are on site, converting the listed former County Court House on Deansgate, Manchester, to office, retail and leisure use.

    The first development project in the joint venture with Calderdale & Huddersfield NHS Foundation Trust will start construction next month, following the grant of detailed planning permission and listed building consent for the conversion of a 56,000 sq ft mill.

    Boot also exchanged contracts with Lloyds TSB Bank on a 6-acre site in Chesterfield with considerable development potential. Negotiations are underway with several potential occupiers ahead of seeking planning.

Latest news

Lonsdale went down owing £65m to supply chain

More than 600 firms owed money as reduced credit rating sinks M&E giant
2 days ago

Wates only bidder for £80m Cardiff estate rebuild

Council contacted 20 framework firms but received only one bid for 295-home Channel View estate rebuild
2 days ago

£21m legal battle over flawed concrete at Salford flats job

Developer in compensation battle with Arcadis after new concrete core demolished
2 days ago

Abu Dhabi developer Aldar Properties buys London Square

UAE giant swoops on resi specialist in vote of confidence for London market
2 days ago

Hunt for delivery partner to revive New Hospital Programme

Programme delivery partner to get £600m fee to get plans back on track
3 days ago

Green light for new £780m Essex garden village

3,700 homes and four new schools to be built at Dunton Hills
3 days ago

Laing O’Rourke makes a £288m loss

Rampant inflation on fixed-price jobs and problem contracts blow hole in accounts
3 days ago

Keltbray, OCU and Clancy clinch £1bn electricity network upgrade

Scottish and Southern Electricity Networks awards biggest ever deals for central southern England
4 days ago

G&T enlisted for commercial review of HS2 main civils contracts

Phase 1 Main Works Civils Contracts to come under cost scrutiny
3 days ago

TClarke order books doubles to top £1bn for first time

M&E specialist on track to exceed £500m turnover this year
3 days ago

Wates signs Government safety remediation pact

Private builder belatedly signs fire safety developer remediation contract
3 days ago

Liverpool all-electric industrial park approved

McLaren and Caddick in chase for Sefton 800,000 sq ft Atlantic Park scheme
4 days ago

Former Buckingham Group MD to join John F Hunt

Simon Hyams is new Managing Director for Contracting
4 days ago

Three in race for retendered £150m A9 dualling job

Bidders take another look after client takes on more risk
4 days ago

Clancy tops £300m revenue in fifth year of growth

Civils contractor delivers £13.5m pre-tax from water and energy sector work
4 days ago

Tower crane collapses on Edinburgh resi site

Jib falls onto apartment block under construction: Video
5 days ago

Salboy drops office space from Viadux Phase Two

Developer to focus on Manchester residential towers of 76 and 23 storeys
5 days ago

Warwick Uni plan for science and engineering campus

370,000 sq ft science and engineering precinct submitted for planning
4 days ago

Morgan Sindall chalks up Greater Manchester schools treble

Bury, Stockport and Wythenshawe school jobs will create 1,600 pupil places
4 days ago

Plans in for £65m Blackpool multiversity campus

Council leads plan for Talbot Gateway learning campus
4 days ago

Laing O’Rourke wins first phase of £700m Oxford R&D district

Landmark Red Hall and two labs to be built in phase 1a of Oxford North scheme
6 days ago

Ardmore wins retrofit deal on £200m Chancery Lane office

Building will be transformed to provide 105,637 sq ft of office space
6 days ago

Construction’s “Leading Lights” recognised

More than 50 winners in latest Considerate Constructors Scheme awards
5 days ago

Balfour Beatty clinches £20m Norfolk coastal defence jobs

Firm will install rock armour at Cromer and Mundesley
5 days ago

Architects join construction union Unite

Section of Architectural Workers forms official branch
6 days ago

Boot to build £20m lightweight aviation composites factory

Work starts on Sheffield University's COMPASS R&D facility
5 days ago

GMI secures £27m Leeds City College job

Site clearance underway for new Mabgate campus
6 days ago

Balfour signs deal with Koreans for UK power transmission jobs

Contractor strengthens large-scale onshore power transmission capability
6 days ago

36 storey south London build to rent flats tower approved

Construction to start next year on £220m Croydon scheme
6 days ago

Hunt for firms for £400m volumetric offsite deal

Procurement for Housing aims to expand its pool of firms on major offsite framework
6 days ago

Contractor services