Henry Boot makes £6.2m acquisition

Henry Boot’s property developer, HBD has acquired a prominent industrial site in Welwyn Garden City for £6.2m from National Grid.

The 3 acre site is located in the established industrial area of the city and clsoe to Junction 4 of the A1(M) and subject to planning, will be redeveloped into c.70,000 sq ft of industrial/warehouse space with a Gross Development Value (GDV) of £20m.

The purchase is part of the Sheffield headquartered group’s core development strategy targeting industrial and logistics, urban residential and commercial schemes and it will continue to create much needed industrial space to meet market demand.

This is just the latest acquisition for the business in 2021, having already acquired a multi-let industrial estate on the edge of Manchester city centre alongside Allied Business Centre at West Pimbo Industrial Estate in Skelmersdale and a key site in Manchester’s St Johns district.

Ed Hutchinson, managing director of HBD said: “This site is extremely well located within an established South East industrial location with neighbouring occupiers including Ocado, Aldi and ATS Euromaster and offers excellent potential for redevelopment. During the year we have been successful in seeking new development opportunities and we look forward to announcing further deals in the coming weeks.”