HBD completes £9.5 million sale of TWO45

A property investment firm has sold a North West industrial park.

HBD, Henry Boot’s development arm, has completed the £9.5 million sale of TWO45, in Skelmersdale, to a European real estate investor.

The ten-acre site includes three warehouses and multi-let offices, totalling almost 150,000sq ft.

Acquired by HBD in 2021, the site generated a 33 per cent uplift in annual rental income under HBD’s ownership. 

In November 2024, HBD secured planning consent to replace part of the site with a 245,000sq ft industrial unit.

Tim Roberts, chief executive at Henry Boot, said: “This sale represents a highly successful conclusion of our business plan for TWO45, where our HBD team’s asset management has achieved both significant rental growth and created future value by securing planning permission for a larger and more sustainable, prime industrial development.”

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