Henry Boot subsidiary receives planning permission for 290 homes

4th Sep 2024 09:15

(Sharecast News) - Property development business Henry Boot said on Wednesday that its land promotion and planning business, Hallam Land, has secured planning permission on appeal for 290 homes in Sittingbourne, Kent.

Henry Boot said Hallam had secured planning consent for the site on an appealed decision in July 2024, following an initial refusal in 2022, on the basis that Swale Borough Council's outdated development plan could not demonstrate a five-year housing land supply.

The London-listed group stated planning consent for the site included 290 homes, new landscaping, habitat creation, and publicly accessible green infrastructure, with biodiversity net gain calculation forecasting more than a 100% net gain for surrounding habitats.

"Hallam is actively marketing the site for sale and expects strong interest in this opportunity, in an area where there is a significant shortfall of both private and affordable homes," said Henry Boot.

As of 0915 BST, Henry Boot shares were up 1.38% at 219.99p.

Reporting by Iain Gilbert at Sharecast.com