Henry Boot Plc - Joint Venture with Harworth Group Plc

 

Henry Boot PLC 

("Henry Boot")

Midlands Joint Venture created to promote strategic site

Henry Boot PLC, a company engaged in land promotion, property investment and development, and construction is pleased to announce that it has entered into a joint venture to pursue a strategic land opportunity in the Midlands as it continues to grow its long-term land pipeline for new residential and commercial development.

Hallam Land Management Limited, a subsidiary of Henry Boot, has entered into a 50/50 joint venture with Harworth Estates Investments Limited ("Harworth"), part of Harworth Group plc, with a view to promoting and developing a mixed-use strategic land opportunity in the Midlands. 

John Sutcliffe, Chief Executive Officer of Henry Boot, said:

"This deal represents the continued expansion of our strategic land bank, leveraging the value brought by our regional operating model.  We look forward to working with the Harworth team on this new opportunity."

Owen Michaelson, Chief Executive Officer of Harworth Group plc, said:

"This deal represents the continued expansion further south of our strategic land bank, leveraging the value brought by our regional operating model.  We look forward to working with the Hallam team on this new opportunity."