Business
Henry Boot Completes Sales of 366 Plots
Henry Boot's land promotion business, Hallam Land, has successfully completed the sale of 366 residential plots in Swindon to Vistry, achieving an ungeared internal rate of return of 9.2% per annum and exceeding its 2025 annual sales target with a record 3,957 plot sales. This transaction, which saw the second phase of 367 plots complete in December 2025, follows an earlier exchange of contracts for 760 plots with Vistry in January 2024, with Hallam Land retaining 304 plots for future sale. The wider development will also include significant community benefits such as retail, leisure, business space, and educational facilities. Disclaimer*
About this update from Henry Boot Plc
[{"type":"text","content":"\n\nHenry Boot completes sale of 366 residential plots to Vistry\n \nHenry Boot announces that its land promotion and planning business, Hallam Land, has completed the sale of a freehold site in Swindon, with planning permission for 366 residential units, to national home builder Vistry.\n \nThe disposal, which completed on 23 December 2025, delivered an ungeared internal rate of return of 9.2% p.a. Following this transaction, Hallam Land has exceeded its 2025 annual sales target, achieving a record 3,957 plot sales during the year. The volume of sales reflects the continued strong demand for Hallam Land's prime consented sites.\n \nHallam Land and Taylor Wimpey secured an option to purchase a 320-acre site in South Marston, on the eastern edge of Swindon. Working alongside Taylor Wimpey and Hannick Homes, the land was promoted through the planning process as part of a wider strategic site. In August 2021, outline planning consent was granted for a total of 2,380 residential units, of which 1,064 relate to Hallam Land's site.\n \nIn January 2024, Hallam Land completed the purchase of the site and simultaneously exchanged contracts to sell 760 plots to Vistry. The first phase, comprising of 393 plots, was completed in January 2024, while the second phase, comprising 367 plots, completed in December 2025. Hallam Land retains 304 plots for future sale.\n \nIn addition to delivering new homes, including over 500 affordable units, the wider site will provide significant community benefits. These include retail, leisure and business space, a new primary school and an extension to an existing school, as well as community and sports facilities, extensive woodland planting, green infrastructure and children's play areas.\n \nTim Roberts, CEO at Henry Boot, commented: \"With this transaction, Hallam Land has exceeded its annual sales target in 2025, supported by continued interest from housebuilders for well-located land with planning consent.\n \nBuilding on this momentum, we are encouraged by the Planning and Infrastructure Bill receiving Royal Ascent in December 2025, and we welcome measures aimed at reducing delays in the planning system. Reform of planning is crucial for the UK's economy and productivity. It will also accelerate the pace at which Hallam Land can unlock prime sites for the delivery o...