Developer targets UK tech sector with new JV
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HBD, the property development arm of Henry Boot is forming a new joint venture with international tech campus developer Factory.
The new venture, HBD X Factory will look to target the UK tech sector and has been selected as the preferred bidder to deliver 45-ha at Cheltenham Borough Council’s Golden Valley Development.
The Golden Valley Development which covers 200-acres is expected to create 12,000 new jobs, 3,700 new homes and 2million sq. ft. of commercial space, with Cyber Central UK at the heart of a visionary integrated campus focused on cyber and digital innovation. The project aims to build on the presence of GCHQ’s headquarters and Cheltenham’s existing cyber sector, with the first phase delivering an innovative, mixed use community clustered around Factory’s first project of scale in the UK – Factory Cheltenham – which will sit alongside GCHQ.
Following the launch of the new JV HBD X Factory will continue to explore new opportunities across the UK, including acquisitions and public/private partnerships with local authorities and other strategic landowners, as it targets large-scale, mixed-use districts and urban regeneration projects with a focus on innovation.
Ed Hutchinson, managing director of HBD, said: “The HBD X Factory partnership reflects our focus on delivering large-scale, transformative regeneration projects – the Golden Valley Development is a hugely important project for Cheltenham, the South West region and the wider UK tech sector and we look forward to working alongside Factory to bring the scheme forward.”
Over the coming months TheBusinessDesk.com will be highlighting the disruptive businesses from across the North which are working hard to be at the forefront of the technology that will shape the lives we have in the future, as it builds towards it’s virtual Disruptors North event on 20 October.
The conference which is being supported by headline partners Deloitte, Clarion, Quba, Unbranded Manchester, and UKFast, aims to encourage and inspire business leaders and managers who know they need to become a disruptor.
The event will feature experienced business leaders and entrepreneurs alongside some of the most exciting young technology companies from across the North. They will share their knowledge and experience, and analyse the trends and technologies that could transform your business.