Henry
Boot secures planning consent for 75,000 sq ft of
industrial & logistics at Southend Airport Business Park
following completion of £15m unit
Henry Boot announces that HBD, the
group's property investment and development arm, has completed a
£15m GDV industrial & logistics ('I&L') unit at Airport
Business Park Southend ('ABPS'), while also being granted planning
permission to bring forward a further 75,000 sq ft.
In April 2023, HBD agreed to develop
a 140,000 sq ft freehold design and build unit for Ipeco Holdings
('Ipeco'), one of the world's leading manufacturers in aircraft
seating. Practical completion was achieved in June 2024 and Ipeco
has now taken occupation of the building. This more than doubles
their manufacturing space at ABPS, less than two years after moving
into a 124,000 sq. ft. purpose-built unit and demonstrates both the
high quality of the ABPS scheme and the strong partnership between
HBD and IPECO.
HBD has also received planning
permission for a further 75,000 sq ft across two units at ABPS.
These will be marketed to potential occupiers on a design and build
basis and anticipates works on start commencing in Q1
2025.
ABPS is a 52 acre I&L scheme in
Southend, Essex, delivered in partnership between HBD and
Southend-on-Sea City Council. It represents a £150 million
investment in best-in-class spaces and infrastructure, including
'Launchpad', a new innovation facility hub spanning 3,254 square
meters.
Tim
Roberts, CEO of Henry Boot PLC, commented:
"HBD's practical completion and further expansion
at ABPS is testament to the quality and appeal of the premium,
purpose-built sites we design and deliver, which are highly sought
after by occupiers. We look forward to maintaining our partnership
with Southend-on-Sea City Council as Airport Business Park Southend
continues to establish itself as a leading industrial and logistics
hub in the region, welcoming businesses of all sizes to expand and
innovate. Additionally, achieving further planning permission
allows us to continue to meet high occupier demand and ease the
critical undersupply of industrial space that exists in the
Southend area."
ENDS
Notes to
editors
Henry Boot is one of the UK's leading
land, property development, home building and construction
businesses - and we've been transforming land and spaces since
1886. Listed on the London Stock Exchange since 1919, we're
renowned for quality, expertise, delivery and a partnership
approach across the group - which comprises, Hallam Land, HBD,
Stonebridge, Henry Boot Construction, Banner Plant and Road
Link.
Operating across the UK, and
employing over 500 people, we focus on three key markets: urban
development, industrial and logistics and residential. Hallam Land
has facilitated 52,000 new homes since 1990, managing one of the
top five largest land portfolios in the country, with the potential
to facilitate over 100,000 homes. HBD manages a development
pipeline of £1.3bn, the equivalent of 7m sq ft of developments
across our key
markets, while maintaining a £113m
investment portfolio, of which 73% of the properties have an EPC
rating of 'C' or higher. Stonebridge, our jointly-owned home
building business, manages a land portfolio capable of delivering
1,500 homes, with an ambition to deliver up to 600 new homes a
year.
Henry Boot Construction has extensive
experience in both the public and private sectors, including major
projects such as the £200m regeneration of Barnsley town centre,
and The Cocoa Works, a £57m residential development in York. For
over 65 years, Banner Plant has supplied construction products and
services, operating from seven regional depots in the North of
England. We have also developed an ambitious Responsible Business
Strategy to help us meet our aim of being Net Zero Carbon by 2030,
and to deliver, by 2025, charitable, community and education work
valued at £1m.
From land promotion, property
development and investment to home building, construction and plant
hire, Henry Boot is where great places start.
henryboot.co.uk
Enquiries
FTI
Consulting
Richard Sunderland/Giles
Barrie
07894 797067 / 07798
926814
henryboot@fticonsulting.com
Henry Boot PLC
Tim Roberts, Chief Executive
Officer
Darren Littlewood, Chief Financial
Officer
Daniel Boot, Senior Corporate
Communications Manager
07825 088807
dboot@henryboot.co.uk
henryboot.co.uk
Deutsche Numis
Joint Corporate Broker
Ben Stoop
0207 260 1000
Peel
Hunt LLP
Joint Corporate Broker
Ed Allsopp / Pete Mackie
0207 418 8900
