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19 January 2021 | 09:58am
StockMarketWire.com - Henry Boot said annual performance was materially ahead of its revised expectations for 2020, driven by land sales and strong recovery in the housing recovery.
A major contribution to Hallam Land s performance in H2 was the disposal of an interest in a joint venture site in the Midlands, which had long-term potential for residential and commercial development.
Further transactions which exchanged in H2 would make a significant contribution to the Group s profit in 2021, the company said.
In H2, Henry Boot construction s productivity increased on sites to 95% of planned activity with growing existing public sector work leading to a strong orderbook for 2021, the company said.
By Jordan Marshall2021-01-11T06:00:00+00:00
Private residential the best performer, according to Glenigan data
Clients were given approval to push ahead with nearly £107bn worth of work in 2020, according to the latest data from information specialist Glenigan.
The figures (see below) reveal the most work was awarded in the private housing sector, with firms here receiving approval for schemes worth just over £37.42bn – or around 35% of all work awarded in the year.
Source: Shutterstock
Housing was the strongest performing sector last year
The top client in this sector was a team featuring Dartmouth Capital Advisors, London Borough of Richmond Upon Thames and Reselton Properties, which received the nod for one deal worth £1.25bn – the redevelopment of the Stag Brewery in south-west London.
IN BRIEF: Henry Boot Acquires Two Buildings For Redevelopment In Leeds
Fri, 18th Dec 2020 14:27
Henry Boot PLC - Sheffield-based construction company - Acquires 60,000 square feet across two buildings for redevelopment in Mabgate, Leeds for an undisclosed amount. Says property investment subsidiary Henry Boot Developments Ltd will oversee redevelopment, which could add further potential to its urban development and residential capabilities. Notes Mabgate is a key area of investment due to a short distance to Leeds s transportation networks.
Managing Director Ed Hutchinson said: The buildings have massive potential for urban development, which is a key focus for us. There is significant investment being channelled into Mabgate and we look forward to putting our own plans together to support the wider regeneration programme.