We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Inland Homes Plc | LSE:INL | London | Ordinary Share | GB00B1TR0310 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMINL
RNS Number : 4932A
Inland Homes PLC
30 September 2020
30 September 2020
Inland Homes plc
("Inland Homes", "Group" or "Company")
Update on major land sales
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, is pleased to confirm it has completed on the sale of two previously announced major land sales:
Wilton Park, Beaconsfield, Buckinghamshire
The 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, Hertfordshire
The 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.
Stephen Wicks, CEO of Inland Homes comments:
"The completion of these lucrative land deals in a difficult economic environment, is testament to the high quality of Inland's assets and has also enabled us to reduce borrowings."
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 7 457 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
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
MSCSEUFMUESSESU
(END) Dow Jones Newswires
September 30, 2020 02:00 ET (06:00 GMT)
1 Year Inland Homes Chart |
1 Month Inland Homes Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions