Henry Boot completes £2.6m residential land sale with Barratt Developments
Henry Boot today revealed it had concluded a major residential land sale.
The group's land promotion business, Hallam Land Management (HLM), has completed the sale of 116 plots to national housebuilder Barratt Developments at a total price of £2.6m.
The site is located in Burdiehouse, on the edge of Edinburgh and represents the third in a series of completions on the site, which in total has now sold 449 plots in three separate phases for a total price of £12.8m.
Nick Duckworth, managing director of HLM, said: "We are delighted to have completed the third sale to Barratt Developments on our thriving site in Burdiehouse. There continues to be a strong demand from housebuilders across the UK for strategic land and we remain actively focused on replenishing our land bank to ensure we can continue to meet this demand."
Philip Barnes, Group Land and Planning Director of Barratt Developments, said: "The site at Burdiehouse comprises another HLM site in a strong market area acquired by the group, continuing the relationship between the businesses. HLM consistently secure good and marketable consents and present the product to the market in a very professional manner."