Henry Boot has said that a number of sales and prelets in its property arm will provide a fair risk-weighted return.
The firm said in its interim statement for 1 July to 11 November that a sale on completion of its mixed-use Deansgate scheme in Manchester had been agreed.
In addition, negotiations are progressing with budget hotel operators to prelet hotels on two of Henry Boot’s development sites.
The company said: “If the market continues to be stable, we have a number of retail, commercial and industrial development opportunities, substantially prelet, due to commence in 2012, on which we expect to achieve a fair, risk-weighted return.”
joanna.bourke@estatesgazette.com
