Inland Homes Share Discussion Threads

[igbertsponk] 01/10/2020 10:32

Think the HSBC one basically means their gearing is reduced sufficiently to allow a tap. And they've got good sales tractions to put into the facility.
Discount has to begin to unwind as they start selling stock.

[shanklin] 01/10/2020 07:39

Weird they have one RNS abour sales and reducing gearing and a second one announcing they are borrowing another £20m.

Would have been helpful to get more clarity and less smoke and mirrors.

[skyship] 01/10/2020 07:19

Thnx INL - obviously read my 4263 above!

[skinny] 01/10/2020 07:01

.




Inland Homes announces two sales worth GBP52.8m to two separate 'Build to Rent' Funds

Inland Homes ("Inland Homes" "the Group" or "the Company"), the leading brownfield developer, housebuilder and partnership housing company with a focus on the south and south-east of England, today announces two sales to two separate 'Build to Rent' Funds within its Centre Square and Buckingham House developments in High Wycombe.

Centre Square, High Wycombe

The Group has completed the unconditional sale of 123 units and amenity space via its joint venture, High Wycombe Developments Limited at its Centre Square development in High Wycombe to a well-established Real Estate Investment Manager for GBP31.5 million.

The units have been purchased as a 'Build to Rent' scheme, with the accommodation to be offered for private rent.

The contract is for a land and build package, with Inland Homes to complete the build by March 2021.

The contract has been structured so that GBP15.75 million has been received on completion with monthly staged payments through to practical completion in early 2021.

Buckingham House, High Wycombe

Additionally, the Group announces the exchange of contracts for 85 units at Buckingham House, High Wycombe to a second 'Build to Rent' Fund.

The land and build contract is for a maximum of GBP21.3 million. A total of 10% was payable on exchange, with the balance payable on completion, which is targeted for early 2022.

The proceeds from the two sales will enable further debt reduction and provide cash flow that will be reinvested into the Group's operations.

Stephen Wicks, CEO of Inland Homes comments:

"We have a substantial number of sites which are suitable for rental housing and as we reported in last year's accounts, securing 'Build to Rent' opportunities has been a priority for the Group this year.

"We are delighted therefore to announce these latest land sales at Centre Square and Buckingham House to two highly-respected operators in this market.

"As these deals evidence and following the completion of land sales at Wilton Park and Cheshunt Lakeside, there is sustained demand from investors, housing associations and other developers for our high-quality land assets and our build expertise.

"This is particularly pleasing and a testament to the Group when considered against the ongoing global COVID-19 economic uncertainty."

[igbertsponk] 30/9/2020 10:06

Cheshunt guess they don't really know as it's a build and sell not a straight plot sale (being positive!).

[jaf111] 30/9/2020 08:27

Any relevance that whilst they highlight Wilton Park deal as being at a premium to EPRA valuation, no such mention re Cheshunt?

[skyship] 30/9/2020 07:47

Good news...but not new news!

[spud] 30/9/2020 07:44

Inland Homes PLC Update on major land salesSource: UK Regulatory (RNS & others)TIDMINLRNS Number : 4932AInland Homes PLC30 September 2020Inland Homes plc("Inland Homes", "Group" or "Company")Update on major land salesInland Homes ("Inland Homes" "the Group" or "the Company"), the leading brownfield developer, housebuilder and partnership housing company with a focus on the south and south-east of England, is pleased to confirm it has completed on the sale of two previously announced major land sales:Wilton Park, Beaconsfield, BuckinghamshireThe completion of the sale of 94 plots at its flagship development site at Wilton Park in Beaconsfield to Bewley Homes plc, a specialist in high quality developments in the South East. As announced on 16 June 2020, the sale is part of phase one of the project, which totals 147 units including 27% affordable housing.The consideration received represents a premium to the EPRA valuation.Cheshunt Lakeside, HertfordshireThe completion of the sale, via the Group's j oint venture, Cheshunt Lakeside Developments Limited, of 195 plots at Cheshunt Lakeside, Hertfordshire project to a local housing association, B3Living where Inland Partnerships has entered into a contract with B3Living to construct 195 apartments in this Phase, in a deal worth GBP34.5 million.The proceeds from the two sites were used to repay over GBP25 million of borrowings. spud

[bwm2] 29/9/2020 17:07

Year end tomorrow so should be a trading update perhaps next week

[cheshire man] 29/9/2020 16:24

Inland Homes
@Inland_Homes
·
12m
We are delighted to announce that #MeridianWaterside in #Southampton has been awarded Highly Commended in the Best First Time Buyer Home category at this year’s Evening Standard New Homes Awards!
@EveningStandard


#EveningStandard #EveningStandardAwards #NewHomes #Awards

[p1966] 25/9/2020 14:34

Thank you for posting.

[igoe104] 25/9/2020 12:29

Watford Community Housing completes Fairways Farm development.



Watford Community Housing has celebrated after completing its 500th newly built home.

The site at Fairways Farm, Bucknalls Lane in Garston introduced 100 new homes in the area, making it the housing associations' 500th newly built home since 2007.

Developed by Inland Homes, Watford Community Housing owns and manages 45 affordable homes, with the shared ownership properties including a four-bed house, 11 one-bed and two-bed flats, and 15 houses and 18 flats for affordable rent.

The site had to shut down temporarily due to coronavirus restrictions during lockdown, but it was still completed on time in August.


Louis and Cora, along with their children mason and Edan were the first occupants of the 500th newly built home.

Louis said: “We spotted the house when it came onto the bidding list and we thought it looked beautiful. We were delighted and there were even a few tears when we were told we’d got it. When it was being constructed, we drove down here quite a lot to see it being built.

“We love that it feels a bit like a rustic cottage, with little touches like the green windows – they’re fantastic. The quality is amazing and there are some really nice touches like the external lights, the numbers and the outside tap.

“It’s perfect for us. We spent nine-and-a-half years in a one-bedroom flat with Mason, ever since he was born, so now he’s got his own room for the first time. It was fantastic to come in, spend a bit of money and get it all how we want it. We could never consider buying our previous flat because it was too small for us, but in the future that might be an option for us too, which is amazing.”

[p1966] 24/9/2020 19:37

Not INL specific, but positive on the sector. Taken from Hargreaves Lansdown.No recommendationNo news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.(Sharecast News) - UK housebuilders are too cheap to ignore, Jefferies said in a research note on Thursday."With construction looking un-impacted by the latest Covid measures and the strength in the housing market providing increasing comfort on the sustainability of demand, we see the UK housebuilders as oversold," the bank said."News flow on Covid, Brexit, stamp duty and help-to-buy changes will likely create share price volatility near term. Nonetheless, we see current share price weakness as presenting a great entry point for our key picks: Persimmon, Berkeley, Barratt."Jefferies noted that to date, housebuilders have said that local lockdowns such as the one in Leicester have not impacted construction build-out on site. As a result, the bank reckons that similar will be true of Tuesday's step-up in Covid measures and would even be the case in a scenario of a more aggressive lockdown."Reflecting this, the more important impact of the lockdown for the sector will likely be the influence on customer demand," it said. However, it said that with agreed sales up 40% year-on-year, mortgage demand ahead of levels lenders can process, and house price inflation 3-5%, recent housing data, provide increasing comfort on its forecasts."Near term share prices may remain volatile reflecting macro news flow, with an air pocket in company news flow until the November trading updates which should be able to provide colour on demand for housing for April and beyond (i.e. after the expiry of the stamp duty holiday and Help to Buy changes)."Nonetheless, with valuations reflecting house price declines of up to 14%, we believe the profitability and return on equity profile of the sector remains significantly under-estimated."At 1230 BST, Persimmon shares were up 3.2% at 2,401p, Berkeley shares were 1.3% higher 4,154p and Barratt was 3.6% higher at 454.10p.

[skyship] 22/9/2020 13:43

Nice to see these move better today, aided by that 60k purchase at 52p...

[skyship] 22/9/2020 10:43

Agreed, thnx for that p1966

[p1966] 22/9/2020 09:16

https://fulbourneroadregen.co.uk/wp-content/uploads/2020/09/Patchworks-2c-Fulbourne-Road-Planning-Submission-Newsletter.pdfNot new news, but very positive and must surely feed through to the EPRA once approved.

[igoe104] 16/9/2020 11:41

Just been looking at the companies twitter feed, looks like loads of blush apartments going up for sale this month.... In various locations.

[cordwainer] 08/9/2020 15:48

added at 53.99p

[skyship] 07/9/2020 14:19

Close spread: 54.22p-54.8p

[igoe104] 07/9/2020 13:36

The S/P finally starting to respond too all this positive news flow, I'm expecting a trading update soon, which should spark more upward momentum..

[skyship] 06/9/2020 21:12

Ah - OK - thnx - filtered him...