HBD has sold a multi-let industrial-led business park in Skelmersdale with planning consent for an expanded redevelopment to a European real estate developer for £9.5m.
The 10-acre TWO45 site, which is located just minutes from the M58 and M6 motorways, was acquired by the property investment and development arm of Henry Boot in 2021.
The site comprises three warehouse units totalling 117,800 sq ft, plus multi-let offices spanning more than 30,000 sq ft.
HBD secured planning consent in November 2024 for a new 245,000 sq ft industrial unit, representing a 66% increase in square footage compared with the building it will replace. The purchaser of the site will take the lead on the new development independently.
Tim Roberts, CEO of Henry Boot, said: “This sale represents a highly successful conclusion of our business plan for TWO45. Our HBD team’s asset management has achieved both significant rental growth and created, now crystallised, value for the group by securing planning permission for a larger and more sustainable, prime industrial development.”
