Major site acquired
HENRY BOOT’S property developer, HBD, has acquired a prominent industrial site in Welwyn Garden City for £6.2m before costs from National Grid.
The 3.0-acre site on Tewin Road is located in a well-established industrial area of the city and close to Junction 4 of the A1(M) benefitting from close proximity to the wider national motorway network beyond. Subject to planning the site will be redeveloped to deliver c.70,000 sq ft of industrial/warehouse space with a GDV of c.£20m. Work is anticipated to start on site in Q2 2022.
The acquisition forms part of the Group’s core development strategy targeting industrial and logistics.
HBD managing director Ed Hutchinson, said: “This site is extremely well located within an established South East industrial location with neighbouring occupiers including Ocado, Aldi and ATS Euromaster.”
