HBD, the property investment and development arm of Henry Boot, has sold a supermarket and three adjoining retail units anchored by Waitrose, in Warminster, to a UK real estate investment trust for £8.6m.
The 29,350 sq ft property is fully let and is located on a two-acre site on the edge of Warminster town centre. Waitrose accounts for 82% of the income, with the weighted average unexpired lease term of 10.9 years.
Tim Roberts, CEO of Henry Boot, said: “This disposal reflects the group’s focus on recycling capital from its investment portfolio, ensuring we remain well positioned to deploy capital to continue generating long‑term returns. We will continue to be patient in building back the value of the investment portfolio through high quality projects such as Origin, in line with our medium‑term target.”
