**Summary**
Henry Boot PLC, through its property investment and development arm HBD, has expanded its industrial and logistics (I&L) joint venture, Origin, with Feldberg Capital by adding 262,000 sq ft of prime I&L space across three new schemes. These projects, with a combined Gross Development Value (GDV) of £56m (£14m share for Henry Boot), are located in Walsall, Preston, and Markham Vale, and aim for high ESG standards, including BREEAM Excellent and EPC A ratings. Construction is set to begin by January 2026, with completion in H2 2026.
The Origin JV, launched in December 2024 with an initial £100m GDV portfolio, has successfully completed its first three projects on time and budget, securing lettings for units in Markham Vale and Welwyn Garden City. The JV aims to deliver £1bn of sustainable I&L schemes across the UK, with HBD holding a 25% share and Feldberg Capital 75%. The partnership has secured an increased £85m development loan from BGO to fund acquisitions and development.
Henry Boots CEO, Tim Roberts, and Feldberg Capitals Managing Partner, David Turner, highlighted the JVs progress in accelerating Grade A I&L space delivery and its confidence in the UK mid-box I&L sector, driven by strong occupier demand and undersupply. The expansion reinforces the JVs strategy to scale operations and capitalize on market opportunities.