Inland Homes PLC Gardiners Park Village Planning Consent (9714N)
October 05 2021 - 01:00AM
UK Regulatory
TIDMINL
RNS Number : 9714N
Inland Homes PLC
05 October 2021
5 October 2021
Inland Homes plc
("Inland Homes", "Group" or "Company")
Gardiners Park Village Planning Consent
Inland Homes plc, the brownfield developer and housebuilder
focused on building residentially led developments for direct sale
or on behalf of partner organisations, today announces that it has
received planning consent, further to the signing of a Section 106
agreement, at Gardiners Park Village, Basildon.
The consent follows the resolution to grant planning permission
received for the site, subject to the signing of a Section 106
agreement, announced in May 2021. The consent enables the delivery
of up to 700 new homes, together with 25,000 square metres of
commercial space, new school and community facilities. The
estimated gross development value of the 54-acre site is in excess
of GBP200m.
In total the scheme delivers 31 per cent affordable housing and
is being delivered through a public/private partnership approach
with Homes England, the government body charged with accelerating
housing delivery.
The Group signed a development agreement with Homes England,
which has a majority interest in the site, in April 2020 and will
acquire the land in phases over a five-year period.
Construction of the first phase with detailed planning consent,
comprising 74 homes, is expected to commence in early 2022.
Chief Executive Stephen Wicks commented:
"Inland Homes has once again demonstrated its skill and tenacity
in securing planning consent on complex challenging sites to
deliver the much-needed homes England needs.
The granting of this planning consent at Gardiners Park Village
means we can now begin to transform what has been a vacant,
brownfield site for the past 40 years, into a thriving new
community with 700 homes, of which nearly one third will be
delivered as affordable.
We look forward to continuing to work with Homes England in the
delivery of this important scheme."
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
Tim McCall
Galyna Kulachek
Bryn Woodward
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018
("MAR").
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCBLBDGLDGDGBS
(END) Dow Jones Newswires
October 05, 2021 02:00 ET (06:00 GMT)
Inland Homes (LSE:INL)
Historical Stock Chart
From Feb 2024 to Mar 2024
Inland Homes (LSE:INL)
Historical Stock Chart
From Mar 2023 to Mar 2024