HBD Completes £9.5 Million Sale of TWO45 Industrial Park

Deal News | Jun 10, 2025 | B Daily

HBD Completes £9.5 Million Sale of TWO45 Industrial Park

HBD, the development arm of Henry Boot, has successfully completed the sale of TWO45, an industrial park in Skelmersdale, for £9.5 million. The buyer is a European real estate investor. The site spans ten acres, housing three warehouses and multi-let offices, totaling nearly 150,000 square feet. After acquiring the property in 2021, HBD achieved a 33% increase in annual rental income. A significant milestone was reached in November 2024 when HBD secured planning consent for a new 245,000 square foot industrial unit, demonstrating the firm's effective asset management strategy. The transaction marks the successful execution of HBD's business plan for TWO45, concluding with both enhanced rental growth and the creation of future value through redevelopment permissions.

Sectors

  • Real Estate
  • Investment Management

Geography

  • United Kingdom – The industrial park, TWO45, is located in Skelmersdale, UK, and the selling company HBD, a part of Henry Boot, is based there.
  • Europe – The buyer of the TWO45 industrial park is described as a European real estate investor.

Industry

  • Real Estate – The article discusses the sale of an industrial park, which is part of the real estate sector involving property investment, management, and development.
  • Investment Management – HBD’s role in acquiring, managing, improving, and selling the property reflects key aspects of investment management.

Financials

  • £9.5 million – The sale price of the TWO45 industrial park.
  • 33% – The increase in annual rental income at TWO45 under HBD's ownership.

Participants

NameRoleTypeDescription
HBDSelling CompanyCompanyHBD is the development arm of Henry Boot, responsible for the management and eventual sale of the TWO45 industrial park.
Henry BootParent CompanyCompanyHenry Boot is the parent company of HBD, involved in property development and investment.
European Real Estate InvestorBidding CompanyCompanyA European investor who purchased the TWO45 industrial park from HBD.
Tim RobertsChief ExecutivePersonTim Roberts is the Chief Executive of Henry Boot and provided commentary on the successful sale of TWO45.