Henry Boot Completes Strategic Sale of Coventry Plots to Vistry

The latest update is out from Henry Boot ( (GB:BOOT) ).

Henry Boot’s land promotion business, Hallam Land, has successfully completed the sale of 632 residential plots in Coventry to Vistry Group PLC, achieving a 28% annual return. This transaction is part of Hallam’s strategic phased sale plan for the Pickford Gate site, which includes significant previous sales and ongoing development efforts to address housing demand. The sale helps Hallam meet its financial targets despite a slight shortfall in plot sales for 2024, highlighting the robust demand for quality residential sites from national housebuilders.

More about Henry Boot

Henry Boot is a leading UK company in land promotion, property development, home building, and construction, with a legacy dating back to 1886. Listed on the London Stock Exchange since 1919, the company operates across urban development, industrial and logistics, and residential markets through its subsidiaries, including Hallam Land, HBD, and Stonebridge. Known for its quality and expertise, Henry Boot is committed to achieving Net Zero Carbon by 2030 and actively engages in community, educational, and charitable initiatives.

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Technical Sentiment Consensus Rating: Sell

Current Market Cap: £300.7M

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