Inland Homes PLC Transaction Update (3693V)
April 14 2021 - 1:00AM
UK Regulatory
TIDMINL
RNS Number : 3693V
Inland Homes PLC
14 April 2021
14 April 2021
Inland Homes plc
("Inland Homes", "Group" or "Company")
Transaction Update
Inland Homes plc, the brownfield developer and housebuilder
focused on building residentially led developments for direct sale
or on behalf of partner organisations, provides the following
update in respect of a number of properties within its development
pipeline and asset management activities.
The Wessex site, West Cliff Road, Bournemouth
The sale of a new 105 bed hotel built by Inland at this
development, which was pre-let to Premier Inn for GBP588,000 per
annum, has now completed. The sale of the investment was made to
Aviva for GBP13.266m.
On the same site, Inland are currently building 94 apartments of
which 15 are sold with a further 16 under offer. Construction is
due to complete in July this year.
The former Master Brewer site, Hillingdon, Middlesex
The Company is pleased to advise that planning permission has
been granted and issued for 514 homes including 182 affordable
homes.
Former Homebase site, Walthamstow, East London
Inland Homes has received a "resolution to grant" planning
permission from the London Borough of Waltham Forest for 583 homes
including 174 affordable homes.
Planning permission will be issued on completion of a legal
agreement.
The Calvary Barracks, Hounslow, West London
The Company has submitted a planning application for 1,629 homes
and 28,772sq ft of commercial space to the local authority. This
follows over 12 months of consultation with local residents and the
planning authority.
At nearly 40 acres, this site is one of the largest brownfield
sites remaining in London.
Enquiries
Inland Homes plc: Tel: +44 (0)1494 762450
Stephen Wicks, Chief Executive
Nishith Malde, Finance Director
Gary Skinner, Managing Director
Panmure Gordon (UK) Limited Tel: +44 (0)20 7886 2500
Dominic Morley
Erik Anderson
Instinctif Partners Tel: +44 (0)20 7457 2020
Mark Garraway
Rosie Driscoll
Galyna Kulachek
Notes to Editors:
Incorporated in the UK in 2005, Inland Homes plc is an AIM
listed specialist housebuilder and brownfield developer, dedicated
to achieving excellence in sustainability and design.
Inland Homes acquires brownfield land in the South and
South-East of England principally for residentially led development
schemes. The business then enhances the land value by obtaining
planning permission, before building open market and affordable
homes or selling surplus consented land to other developers to
generate cash.
The Company is committed to extensive public and community
consultation in order to ensure that, where possible, local
community needs and objectives are met.
Inland's aim is to create sustainable communities and homes
which set a benchmark for all future developments in the South and
South East of England. The Company is always looking for brownfield
sites without planning permission for future development.
For further information, please visit the Inland Homes website
at: www.inlandhomes.co.uk
Hugg Homes - www.hugghomes.co.uk
Rosewood Housing - www.rosewoodhousing.co.uk
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END
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