Henry Boot PLC (LSE:BOOT) announced Tuesday that its Hallam Land division has finalized the sale of 329 residential plots through two separate transactions.
In the first deal, 156 plots in Hambleton, North Yorkshire, were sold to Barratt Redrow. The second involved the sale of 173 plots in Haverhill, Suffolk, to Bloor Homes. According to the company, both disposals generated strong returns, with ungeared IRRs of 66% for Hambleton and 45% for Haverhill.
Henry Boot had been promoting the Hambleton land since 2022, and the site secured outline planning permission in January 2025 after a successful appeal. The project includes 10% affordable housing and delivers a 19.5% biodiversity net gain.
The Haverhill plots form part of a broader development of 2,500 homes that received planning consent in 2018. The masterplan also includes schools, local centres, and green space. Hallam Land still holds 627 additional plots at the site for future disposal.
With these transactions, Henry Boot’s plot sales for 2025 now total 3,591, underscoring continued demand from housebuilders for consented land.
Tim Roberts, CEO at Henry Boot, said: “Hallam Land’s strength lies in its ability to create value by securing planning consent for complex sites that might otherwise be difficult to unlock for new homes. These transactions take the total plot sales for the year to 3,591, and demonstrates that housebuilders remain keen to acquire well located, consented land. It gives us reason for optimism as we look ahead to 2026.”
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