Major industrial development now fully let
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.