HBD's industrial and logistics joint venture with Feldberg Capital has now let or agreed terms on 66% of its 711,000 sq ft portfolio.

The land promotion and housebuilding group flagged materially lower plot sales and rising build costs, guiding full-year profit significantly below current market forecasts.

"Securing forward funding for IDEA is a major milestone for Golden Valley and for Henry Boot," said chief executive Ed Hutchinson, adding that the majority of phase one space is already let or reserved.

The company's Hallam Land operation secured planning on the 105-acre site