HBD, the property investment and development arm of Henry Boot, has sold a Waitrose supermarket and three adjoining retail units in Warminster, Wiltshire, to an unnamed UK real estate investment trust for £8.6m.
Waitrose, Warminster
The purpose-built 29,350 sq ft property is fully let and is located on a two-acre site on the edge of Warminster town centre. HBD completed the development in 2012.
Waitrose accounts for 82% of the income, with a weighted average unexpired lease term of 10.9 years (10.4 years to first break).
The sale represents a net initial yield of 6.6% and at a premium to the 31 December 2025 book value.
“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,” said Tim Roberts, chief executive of Henry Boot.
“We will continue to be patient in building back the value of the investment portfolio through high‑quality projects such as Origin [HBD and Feldberg Capital’s industrial and logistics platform], in line with our medium‑term target.”
