Construction News

06/07/2021

HBD Acquires Site In Welwyn Garden City

Henry Boot's property developer, HBD, has acquired an industrial site in Welwyn Garden City for £6.2million before costs from National Grid.

The 3.0-acre site on Tewin Road is located in a 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 around £20m. Work is anticipated to start on site in Q2 2022.

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Ed Hutchinson, Managing Director of HBD, said: "This site is extremely well located within an established South East industrial location with neighbouring occupiers including Ocado, Aldi and ATS Euromaster and offers excellent potential for redevelopment. During the year we have been successful in seeking new development opportunities and we look forward to announcing further deals in the coming weeks."

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