Hallam Land pushes Henry Boot past 2025 plot sales goal with Swindon sale to Vistry

Henry Boot (LSE:BOOT) said its land promotion business, Hallam Land, has completed the disposal of a freehold site in Swindon to national housebuilder Vistry. The site benefits from detailed planning consent for 366 new homes and achieved an ungeared internal rate of return of 9.2%, contributing to Hallam Land exceeding its 2025 full-year sales target.

The transaction formed the second phase of the wider South Marston strategic scheme, where Hallam Land and its partners have already secured outline planning permission for up to 2,380 homes alongside extensive community infrastructure. Following the Swindon sale, 304 residential plots remain under Hallam Land’s control for future disposal. In total, the business recorded a new annual high of 3,957 residential plot sales, highlighting continued demand from housebuilders for consented land.

Management said the deal positions Henry Boot to benefit from ongoing UK planning reforms designed to speed up housing delivery, while reinforcing the group’s ability to unlock value from its strategic land portfolio. The group’s outlook is supported by a strong balance sheet and an attractive valuation, with recent corporate activity adding to confidence in its longer-term growth strategy.

These positives are tempered by weaker technical indicators, which point to limited share price momentum, as well as challenges in driving sustained revenue and profit growth. In addition, the lack of recent earnings call commentary restricts visibility into management’s near-term outlook.

More about Henry Boot

Henry Boot is a UK-based land, property development and homebuilding group operating across a number of specialist businesses, including Hallam Land, HBD, Stonebridge Homes, Banner Plant and Road Link. Listed on the London Stock Exchange since 1919, the group employs more than 400 people and focuses on residential, industrial and logistics, and urban development. Hallam Land manages one of the UK’s largest strategic land portfolios, while HBD oversees a development pipeline valued at around £1.3 billion across the country.