Inland Homes PLC Staines Town Centre Update (7362Y)
January 18 2022 - 1:00AM
UK Regulatory
TIDMINL
RNS Number : 7362Y
Inland Homes PLC
18 January 2022
18 January 2022
Inland Homes plc
("Inland Homes", "Group" or "Company")
Staines Town Centre Update
Inland Homes plc, the brownfield developer, housebuilder and
regeneration specialist focused on the South and South East of
England, today confirms that the appeal lodged against the refusal
of Spelthorne Borough Council (the Borough) to grant consent for
206 homes on a brownfield site in Staines town centre has been
upheld by the planning inspectorate.
The scheme was originally refused by the Borough on 24 June
2021, despite a planning officer's recommendation for approval.
The Staines scheme is part of Inland Homes' 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.
Stephen Wicks, CEO of Inland Homes, commented:
"This successful appeal decision on a derelict brownfield site
in Staines town centre is very pleasing for Inland. The development
will include 70 much needed, affordable homes and is exactly the
type of scheme where we can make a meaningful contribution to
housing delivery in a sustainable way. The management team at
Inland continues to maintain their 100% track record in securing
planning permissions on brownfield sites over the last 20
years."
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.
Environmental, Social and Governance credentials
Inland Homes is committed to ensuring its land, housebuilding
and partnership housing activities leave a positive lasting legacy.
As specialists in brownfield site regeneration the Group already
has a proud history of adding lasting value through its expertise
and experience in site remediation, which allows derelict and near
derelict land to be regenerated and used for the construction of
new homes.
Inland Homes takes its position as an industry leader extremely
seriously and has developed its Environmental, Social and
Governance (ESG) framework against the broader backdrop of an
escalating global climate issue. The Group's ESG framework, which
has been aligned to four of the UN Sustainable Development Goals,
sets out our high-level commitments. Using this framework, we are
now focused on developing a full ESG strategy. The strategy will
identify clear goals and metrics to enable us to measure and report
on our performance and success in this space.
For further information, please visit the Inland Homes website
at: www.inlandhomesplc.com
Hugg Homes - www.hugghomes.co.uk
Rosewood Housing - www.rosewoodhousing.co.uk
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END
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