Henry Boot remains “busy” during challenging conditions

PROPERTY developer Henry Boot has said that it has traded in line with expectations despite challenging trading conditions.

The Sheffield-based firm said, in an interim management statement for the period January 1 to May 11, 2012, that while no material sale transactions arose during this time, its teams “remain very busy bringing forward land and development opportunities”.

It added that the housing market has slowly improved over the last 12 months and indications are that housebuilding volumes are beginning to increase albeit from a very low base, particularly in the South and South East of England.

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The group’s construction division has secured 95 per cent of its budgeted turnover for 2012 and is starting to take orders for 2013.

Its property development and investment division has completed the development of a 23,000 sq ft food store in Warminster let to Waitrose, while in land promotion and development, new sites have been signed up at Rotherham, Sutton in Ashfield, Handcross, East Leake, Leeds and Melksham.

The statement read: “In a period, in which trading conditions have continued to remain challenging though relatively stable, the group has traded in line with the board’s expectations.”