Henry Boot Secures Planning Approval for Major Residential Project in Kent

Henry Boot ( (GB:BOOT) ) has provided an update.

Henry Boot’s land promotion division, Hallam Land, has secured planning permission for a 112-home development in Yalding, Kent, after appealing a non-determination by Maidstone Borough Council. The site, acquired in 2018, is set to offer 40% affordable housing and significant biodiversity gains. This development is expected to attract interest from national housebuilders, bolstering Henry Boot’s position in the residential market and highlighting its capacity to unlock valuable land for housing projects across the UK.

More about Henry Boot

Henry Boot is a leading UK-based company specializing in land promotion, property development, home building, and construction. Operating since 1886 and listed on the London Stock Exchange since 1919, it has a diverse portfolio including urban development, industrial logistics, and residential markets. The group comprises Hallam Land, HBD, Stonebridge, Henry Boot Construction, Banner Plant, and Road Link, with a notable focus on responsible business practices and sustainability.

YTD Price Performance: -10.87%

Average Trading Volume: 58,929

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £275.3M

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