Inland Homes PLC Hillingdon Gardens site update (7822L)
January 15 2021 - 01:00AM
UK Regulatory
TIDMINL
RNS Number : 7822L
Inland Homes PLC
15 January 2021
15 January 2021
Inland Homes plc
("Inland Homes", "Group" or "Company")
Hillingdon Gardens site update
Inland Homes plc, the leading brownfield developer, housebuilder
and partnership housing company with a focus on the South and South
East of England, is pleased to confirm that the planning
application for Hillingdon Gardens at the former Master Brewer site
will not be called in by the Secretary of State for Housing,
Communities and Local Government.
The site has been the subject of third-party requests to call in
for determination by the Secretary of State but it has been decided
that the application for 514 homes can be determined at a local
level by the Greater London Authority. The site was approved by the
Mayor of London in September 2020 and will now be subject to
signing of a Section 106 agreement.
The plans for Hillingdon Gardens will transform a derelict
former commercial site, creating a residentially led, mixed-use
neighbourhood, with a network of pedestrianised areas, landscaped
public squares and extensive green spaces. The project will deliver
182 (35%) new genuinely affordable homes alongside significant
contributions towards local infrastructure improvements and
biodiversity.
The Hillingdon Gardens scheme is part of Inland Home's asset
management division. This is a high-growth arm of the Group and
generates substantial service revenues with significantly reduced
investment and capital consumption. The Group secures sites on
behalf of investors and uses its extensive land and planning
expertise to secure planning approval on their behalf. As 'capital
light' activities, these schemes can generate attractive
returns.
The Group is currently managing six asset management projects on
behalf of investors, which combined have the potential for 3,181
homes.
Stephen Wicks, CEO of Inland Homes, commented:
"The former Master Brewers site is a brownfield site that has
been vacant for 11 years and is exactly the type of scheme where we
can make a meaningful contribution to housing delivery in a
sustainable way.
"We are pleased that the scheme has not been called in by the
Secretary of State. We can now actively progress delivering the
scheme, which is supportive of the Government's housebuilding
agenda, delivering much needed affordable homes and revitalising a
vacant site.
"The Hillingdon Gardens site is part of our asset management
division, where we are seeing increasing demand for our experience
and skill in navigating the planning system. This will be an area
of primary focus in the coming year and we are excited about the
opportunities in this growing area of the business."
Enquiries
Inland Homes +44 (0) 1494 762450
Stephen Wicks, Chief Executive
Nishith Malde, Finance Director
Gary Skinner, Managing Director
Panmure Gordon (UK) Limited +44 (0) 20 7886 2500
Dominic Morley
Erik Anderson
Instinctif Partners +44 (0) 20 7457 2020
Mark Garraway
Rosie Driscoll
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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