Inland Homes PLC Major Planning Application Approved (5441X)
May 05 2021 - 1:00AM
UK Regulatory
TIDMINL
RNS Number : 5441X
Inland Homes PLC
05 May 2021
5 May 2021
Inland Homes plc
("Inland Homes", "Group" or "Company")
Major Planning Application Approved
Inland Homes plc, the brownfield developer and housebuilder
focused on building residentially led developments for direct sale
or on behalf of partner organisations, announces that it has
received a resolution to grant planning permission, subject to the
signing of a Section 106 agreement, for 700 new homes and 25,000sqm
of commercial space at Gardiners Park Village, Basildon.
The planning application was submitted in conjunction with Homes
England which has a majority interest in the site. The Company
entered into a development agreement with Homes England in April
2020.
Construction is expected to commence this autumn, following the
signing of a Section 106 agreement within the current financial
year and subsequent release of the planning permission. In total,
around 220 of the 700 new homes on the 54-acre site will be
designated as affordable housing for both rent and shared
ownership. In addition to the commercial space, the development
will also provide a site for a new school and the provision of
sporting facilities both on and off site.
The 54-acre site will have a gross development value in the
order of GBP200m and the land will be acquired in phases over a
five-year period.
Chief Executive Stephen Wicks commented:
"We are very pleased to have secured planning permission for the
Gardiners Park Village site and to be working with Homes England to
deliver much needed affordable homes.
"Acquiring and taking brownfield sites through the planning
system for development lies at the heart of what we do. Inland
Homes has once again demonstrated its skill and tenacity in being
able to deliver planning on these complex sites in order to create
sustainable communities and homes for the future."
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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