10th Apr 2025 11:30
Henry Boot PLC - Sheffield, England-based property development, home building and construction company - Notes that its land promotion and planning business Hallam Land has won an appeal to secure outline planning permission for 300 homes in Sutton-in-Ashfield in Nottinghamshire. Further, it unconditionally exchanged contracts on a sale to Harron Homes. Back in 2012, Hallam had entered into an initial planning promotion deal with the landowners in Nottinghamshire. Ashfield District council did not make a decision on the application, which led Hallam to appeal in July 2024, based on non-determination. The appeal was successful and resulted in full approval in February. Further, the appeal inspector determined that Hallam is justified in receiving a full award of costs. The deal is expected to fully complete in 2026.
Henry Boot Chief Executive Officer Tim Roberts says: "Securing this planning consent on appeal marks a significant milestone in the positive changes which are being made to the UK's planning system under the current government. Hallam has achieved planning on approximately 3,000 plots over the past six months, and we seek to take advantage of the improving planning system by submitting 10,000 plots over the next 12 months to deliver much-needed homes across the country and also deliver returns for our shareholders."
Current stock price: 208.67 pence each, up 1.8% on Thursday morning in London
12-month change: up 19%
By Tom Budszus, Alliance News slot editor
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