Business
Sale of 1,270 Residential Plots at Tamworth
Henry Boot PLC's land promotion business, Hallam Land, has successfully sold a 237-acre site with planning for 1,270 residential units, including 30% affordable housing, an extra care facility, and community amenities, to Persimmon Homes. This transaction generated an ungeared internal rate of return of 25% per annum and signifies progress towards Hallam Land's 2025 sales target, demonstrating the continued demand from national housebuilders for well-located, consented land. Disclaimer*
About this update from Henry Boot Plc
[{"type":"text","content":"\n\nHenry Boot completes sale of 1,270 residential plots to Persimmon Homes\n \nHenry Boot announces that its land promotion and planning business, Hallam Land, has completed the sale of a site with planning for 1,270 residential units on the edge of Tamworth, Staffordshire, to national house builder Persimmon Homes.\n \nThe sale resulted in an ungeared internal rate of return of 25% p.a. and represents further progress in Hallam Land achieving its 2025 annual sales target.\n \nIn 2016, Hallam Land reached an agreement with the landowners to develop the 237-acre site. Due to the site being located on the border between Warwickshire and Tamworth, duplicate planning applications were initially submitted in 2018 to North Warwickshire Borough Council and Tamworth Borough Council. The site was allocated for housing in the North Warwickshire Local Plan in 2021 and subsequently gained outline planning permission in June 2025.\n \nThe planning consent provides for 1,270 homes of which 30% are affordable, and includes a 100 unit extra care facility, and a local community centre alongside a primary school and sports pitches. A Biodiversity Net Gain of over 10% has also been forecast to improve the surrounding habitats.\n \nTim Roberts, CEO at Henry Boot, commented: \"This latest transaction provides further momentum towards achieving our 2025 sales target. It is the result of years of collaboration with local councils and planners and again demonstrates Hallam Land's expertise in securing planning permissions for homes on large and complex sites. The sale to Persimmon demonstrates the continued appetite amongst national housebuilders for well located land with planning consent and will help deliver much-needed homes and community amenities, while creating value for our investors at the same time.\"\nEmily Berville Charlesworth, Head of Land at Persimmon Homes and Charles Church in the Central region said: \"We are delighted to have completed the purchase of this land. Plans for the site will see the integration of large scale, new housing and public open space alongside a number of education and community facilities as well as environmental enhancements. We are now working on the first phase of detailed planning consent with a view to submitting to the Local Authority in early 2026.\"\nNeil Williams, Regional Mana...