Henry Boot has announced a new partnership with Feldberg Capital to establish a specialist industrial and logistics development business. The joint venture, named Origin, is set to deliver £1 billion worth of projects over the next seven years. Henry Boot Developments (HBD) will hold a 25% stake in the business, which will initially be seeded with three sites from Boot’s existing pipeline, valued at £100 million.

Under the agreement, Henry Boot will act as the development manager, earning fees for its role, while Feldberg Capital takes on the position of investment manager. The collaboration will utilise HBD’s current pipeline of projects, while also seeking opportunities from third-party sites to support both pre-let and speculative industrial and logistics developments. Financing for each project will be secured through external lenders.

Tim Roberts, CEO of Henry Boot, highlighted the strategic importance of the venture, stating that the partnership with Feldberg Capital allows the firm to collaborate with a leading international investor while accelerating its £1.3 billion industrial and logistics pipeline. He added that this would enable Henry Boot to recycle capital more effectively, driving growth in a key sector for the business.

David Turner, managing partner at Feldberg Capital, described the timing as ideal for entering the market. He pointed to falling land values and more sustainable entry yields as creating an attractive investment environment. Structural trends such as the growth of e-commerce and increased onshoring by businesses are expected to provide ongoing momentum for the sector.