Inland Homes has posted a robust trading update and disclosed details of what is described as a "significant pipeline" of new projects across the UK.
The Buckinghamshire-based property developer revealed that £9.1m worth of sales have been reserved, contracted or completed since 1 January 2013.
Over the last few months, the business has acquired a brownfield site in Woolwich where it hopes to build 155 residential homes and commercial space.
It has also bought three Greenfield sites in Buckinghamshire where the aim is to develop up to 220 houses, and land in Markyate near St Albans where it intends to construct a further 40 units.
Stephen Wicks, chief executive officer at Inland Homes, said: "Our acquisition strategy, which includes potential portfolio purchases as well as individual sites, has a significant pipeline of both brownfield and greenfield opportunities."
Inland Homes has its head office in Amersham, Buckinghamshire.
The company specialises in delivering urban regeneration projects across the south of England.
Investors coming out like new shoots in Farnborough By Rebecca Younger May 16, 2013
THE cold weather earlier this spring has not stopped investors from growing their portfolio.
Mackenzie Smith has noted interest in several new homes sites picking up as buy to let investors recognise a safe and sound investment opportunity.
Several of the apartments at Beaumont House at Queensgate by Inland Homes have already been sold to investor buyers.
“We know what kind of yields can be expected and there is no shortage of demand for high quality rental properties in the Farnborough area so I’m not surprised we have had some investor buyers,” commented Cheryl Davies, new homes negotiator based at the development.
In March and April there was a notable increase in investment buyers at the Equinox Place development by T A Fisher.
The contemporary and stylish apartments at Equinox place are available from £235,000 as a residential purchase, as a private buy to let investment, or as an investor purchase with full management by House of Fisher, some plots are even available with a tenant in situ.
Due to demand the second building of one and two-bedroom apartments in Queensgate, Markham House, has also now been released for sale.
For landlords who prefer to be a bit more hands off House of Fisher are able to manage the property for you completely; specialising in providing short stay accommodation for major corporate organisations in the region.
“House of Fisher provides an easy investment, and even has an extremely comprehensive furniture pack available to help make sure every detail is taken care of stress free” added Jon Lacey, branch manager of Mackenzie Smith in Farnborough. With yields for apartments in Farnborough varying from around 6% – 9% it’s clear to see why, with interest rates low and uncertainty in the stock market, this is an appealing offer.
For more information about these investment opportunities, contact Mackenzie Smith In Farnborough on 01252 375999.
The housing market is at its strongest in five years, according to Barratt Developments, Britain's biggest housebuilder. “The present market backdrop, in terms of consumer demand and mortgage supply, is the most positive we have seen for five years," Barratt said in a trading update on Tuesday. "The group expects to deliver a significant year-on-year improvement in operating profit."
The sector is benefitting from being the focus of Government attempts to get the economy moving, most recently through the Help to Buy package of shared equity funding and mortgage guarantees unveiled in the Budget.
Since then, Barratt, the biggest housebuilder by volume, said it had had taken 400 reservations under the scheme and its sales rates had risen by 18pc. For the year so far as a whole, sales rates were up by 9.7pc to 0.62 sales a week at each of its selling sites.
"Barratt is the third housebuilder to report a significant increase in reservation rates since the launch of Help to Buy," noted analysts at Jefferies. "We remain pleasantly surprised at how quickly Help to Buy is actually helping people to buy." The sector is also receiving a boost this year from the Government's Funding for Lending Scheme, launched last summer with the aim of encouraging banks to lend, which has supported mortgage availability.
In the longer term, housebuilders have been growing their profit margins by building on land bought more cheaply in the wake of the financial crisis. Barratt said it expects about half of its home completions this year to be made on this higher-margin land.
“Confidence levels have improved with our customers and they have improved with the banks,” said Mark Clare, Barratt’s chief executive. “A lot of it [the improvement in performance] is self-help, but there’s no doubt that the government schemes have helped on the demand side.”
As mortgage availability improves, prices across the market could pick up, although housebuilders have also seen their prices rise as they have switched their focus from city flats to bigger family homes. Barratt said its underlying selling prices had remained "broadly stable".
Barratt said it would recruit around 600 graduates and apprentices over the next three years, in an effort to tackle the "skills shortage" that it warned could constrain the industry's future growth prospects.
The housebuilding and construction sectors laid off vast swathes of their workforce during the downturn and what workforce remains is aging. As activity picks up, returning or new staff have to adapt to new ways of working driven by changing regulation - for example, requiring new build homes to be "zero carbon" by 2016. The update came after housebuilder Taylor Wimpey on Monday said full-year profits would be at the “upper end” of its expectations. http://www.telegraph.co.uk/finance/newsbysector/co
Inland Homes is a dynamic developer of urban regeneration projects around southern England. Predominantly specialising in brownfield developments, our highly experienced team can provide solutions to a variety of difficult and sensitive land situations. Inland Homes successfully navigates the complex planning system, applying meticulous attention to detail throughout the design process whilst utilising our close working relationships with local authorities. Our ability to identify and control sites has resulted in our track record in the development of brownfield opportunities to be second to none.
NEARLY 250 people turned out to a public meeting last night to discuss the future of Beaconsfield’s Wilton Park. Residents, sports clubs and community groups put forward their concerns and hopes about the potential development of the site, which currently houses the MOD Defence School of Languages. They were joined by MP Dominic Grieve and council representatives after a public consultation last month by developer Inland Homes, who plan to build 300 homes on the park. The forum was organised jointly by the Beaconsfield Society and Beaconsfield Old Town Residents’ Association who have combined forces to form the action group Wilton Park Watch (WPW). The group was set up to ensure the maximum community benefit of any Wilton Park development, and to identify the areas not covered by Inland Homes’ consultation. Mike Elliott, chairman of the Beaconsfield Society, said: "We were really surprised and encouraged by the turnout. "It shows recognition that this is a once in a generation opportunity for the Town, and equally that residents are concerned as to the impact it may have." The three main areas of concern were traffic flow and access, sports and recreational facilities and community amenities. Mr Grieve was keen to stress the huge opportunity any new development could provide for the people of Beaconsfield, and that the project should not simply become "a gated community" of expensive houses. He has written to the MOD to enquire whether Inland Homes are the best developers for the project, insisting the preferred bidders should not simply be "tick boxed" into taking the site on. Traffic issues were a major concern for residents, with several citing the importance of incorporating a much-discussed relief road for the Old Town into the plans. There are worries the options put forward for new road layouts by Inland Homes would do nothing to reduce the congestion on the busy London End Roundabout. Resident Paul Jeffrey called for the eventual developer to fund and build a proper by-pass to link up with the A355 west of Wilton Park. Peter Hardy, BCC cabinet member for planning and transportation, said that any bypass will need to be funded by the council, which he insisted remains a high priority. Keith Bowyer, chairman of Holstpur FC, who currently use Wilton Park, made a plea to retain use of the site once the development is completed, and to upgrade their facilities in the process. He also sought reassurance from the council that an interim measure could be put in place while any building work was completed, to stop the club from folding in the meantime. Deborah Sanders, representing Beaconsfield's ‘Churches Together’, called for facilities where arts and faith groups could meet, and Graham Southgate highlighted the need for a theatre for the town’s burgeoning performing arts scene.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.