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Land and development company Henry Boot has announced the sale of almost 500 housing plots to an arm of the UK’s largest housebuilder.
The Sheffield firm, through its land promotion and planning business Hallam Land, has completed the sale of 491 residential plots at Pickford Gate in Coventry to the David Wilson Homes division of Barratt Developments. The size of the deal has not been revealed but Henry Boot said that “the sale resulted in an ungeared internal rate of return of 19.4% p.a.”.
The company added that payment will be phased over 2024 and 2025, and represented further progress in Hallam achieving its annual sales target of 3,000 plots.
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