Ma­jor in­dus­trial de­vel­op­ment now fully let

Yorkshire Post - Business - - FRONT PAGE -

SH­EFFIELD FIRM Henry Boot De­vel­op­ments has com­pleted the sale of the fi­nal unit at its Thorne Park in­dus­trial scheme in Don­caster, with unit 4 pur­chased for £2.14m.

Thorne Park is a high spec­i­fi­ca­tion de­vel­op­ment of over 150,000 sq ft of prime in­dus­trial and ware­house space lo­cated at Junc­tion 6 of the M18.

The deal is a the lat­est in a num­ber which Henry Boot has com­pleted dur­ing 2017, in­clud­ing the new Aberdeen Ex­hi­bi­tion and Con­fer­ence Cen­tre, Markham Vale Der­byshire, The Choco­late Works in York, the Im­pe­rial To­bacco site in Not­ting­ham, and Kam­pus, a £250m mixed-use scheme in Manch­ester city cen­tre.

Vivi­enne Cle­ments, di­rec­tor at Henry Boot De­vel­op­ments, said: “The sale of unit 4 now draws our spec­u­la­tive Thorne Park de­vel­op­ment to a close. The high spec­i­fi­ca­tion units are a real point of dif­fer­ence in the mar­ket, while the lo­ca­tion of­fers busi­nesses sig­nif­i­cant op­er­a­tional ad­van­tages – it’s great to see the scheme fully let and oc­cu­piers thriv­ing.”

In the sum­mer, Henry Boot an­nounced it had grown its prof­its by 8.7 per cent to £22.6m when it pub­lished its in­terim re­sults.

In the six-month pe­riod to June 30 this year, the Sh­effield­based busi­ness also boosted its op­er­at­ing profit to 8.1 per cent to £22.8m and de­liv­ered an earn­ing per share of 13.1p, an in­crease of 10.1 per cent

Last year saw Henry Boot De­vel­op­ments build out 875,000 sq ft space, pre-fund £600m worth of de­vel­op­ment and en­ter into £306m worth of build­ing con­tracts.

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