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IN BRIEF: Inland Homes Makes Two Sales Worth GBP52.8 Million In Total

Thu, 01st Oct 2020 17:16

Inland Homes PLC - south-east England-focused housebuilder - Makes two sales to two separate 'Build to Rent' Funds within its Centre Square and Buckingham House developments in High Wycombe. The Centre Square sale comprises 123 units and amenity space for GBP31.5 million. For Buckingham House, Inland Homes has exchanged contracts for 85 units with the land and build contract for a maximum of GBP21.3 million.

Separately, says it has triggered the accordion part of the revolving credit facility with HSBC Holdings PLC of GBP20 million. This takes the facility available for day-to-day use to a new maximum of GBP65 million from GBP45 million.

"We are very pleased to have triggered the accordion element of our revolving credit facility from HSBC for our expanding house building activity," says Chief Executive Stephen Wicks.

Current stock price: 50.50 pence

Year-to-date change: down 40%

By Lucy Heming;Â lucyheming@alliancenews.com

More News

27 Sep 2023 19:43

TRADING UPDATES: Inland Homes appoints administrators; EDX buys Hutano

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

11 Sep 2023 21:17

IN BRIEF: Inland Homes subsidiary in breach of debt covenants

Inland Homes PLC - Southern England-focused brownfield developer, housebuilder and partnership housing company - Says it has advised HSBC Holdings PLC that it considers that its subsidiary, Inland Homes Developments Ltd, is in breach of certain historic and forward looking covenants in relation to a debt facility of GBP13.6 million provided to that company. The facility is guaranteed by Inland Homes.

5 Sep 2023 15:01

Inland Homes and subsidiary Inland ZDP confirms co-founder departure

(Alliance News) - Inland Homes PLC and its wholly-owned subsidiary Inland ZDP PLC both confirmed on Tuesday that Inland Homes Co-Founder and Inland ZDP Founder Director Nish Malde has retired and left the company.

30 Aug 2023 11:43

IN BRIEF: Inland Homes notes possible breach in loan with Inland ZDP

Inland Homes PLC - Southern England-focused brownfield developer, housebuilder and partnership housing company - Notes possible breach of loan covenant with Inland ZDP PLC, its wholly-owned subsidiary. Inland ZDP also notes this. Inland Homes says it is considering possible provisions to be made against certain asset values in its accounts with its auditors. Says the mounts of any such provisions, which have not yet been determined, "appear likely to trigger a breach" in the loan covenant between both parties. Inland ZDP says a further announcement will be made "as soon as the asset values (net of any relevant provisions) have been determined".

24 Jul 2023 13:42

Inland Homes appoints Jolyon Harrison as new CEO; buys NorthCountry

(Alliance News) - Inland Homes on Monday announced that it appointed the former chief executive officer of MJ Gleeson PLC Jolyon Harrison as its new CEO, and that it had acquired NorthCountry Homes Ltd.

20 Jul 2023 18:52

TRADING UPDATES: Iofina optimistic; Metals Exploration ups outlook

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

30 Jun 2023 18:54

IN BRIEF: Inland ZDP with no profit or loss, unchanged from a year ago

Inland ZDP PLC - wholly-owned subsidiary of housing plot developer Inland Homes PLC - In the six months to March 31, breaks even with no profit or loss, unchanged from a year ago. Revenue completely generated via interest income grows slightly to GBP876,000 from GBP848,000, exactly the same as the increase in finance costs, to GBP876,000 from GBP848,000. Chair Nishith Malde says: "Inland Homes has a business plan for managing its cash flows and meeting its obligations to ZDP shareholders, retaining flexibility to adapt to circumstances rather committing to a fixed source of repayment."

19 Jun 2023 17:14

IN BRIEF: Inland Homes says audit process to take longer than expected

Inland Homes PLC - South England-focused brownfield developer, housebuilder and partnership housing company - On Friday, company says that the audit process for its results for the year ended September 30, 2022 will take longer than originally expected. Back in April, Inland Homes estimated the audit could be completed during June, but the firm now believes it will take longer.

22 May 2023 12:14

Inland Homes gets planning permission for Hounslow development

(Sharecast News) - Brownfield developer Inland Homes announced on Monday that planning permission has been granted for an extensive mixed-use development at Cavalry Barracks in West Hounslow.

22 May 2023 11:55

Inland Homes touts planning consent for development in West Hounslow

(Alliance News) - Inland Homes PLC on Monday celebrated securing planning consent for a mixed-use development at Cavalry Barracks in West Hounslow.

13 Apr 2023 20:07

TRADING UPDATES: Inland Homes completes GBP2.5 million fund raise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

12 Apr 2023 18:17

Inland Homes launches second subscription for up to GBP2.5 million

(Alliance News) - Inland Homes PLC on Wednesday said it has launched a second direct subscription offer for up to GBP2.5 million by the issue of up to 25.0 million new shares at a price per subscription share of 10 pence.

11 Apr 2023 13:56

IN BRIEF: Inland Homes expects to complete earnings audit in June

Inland Homes PLC - Buckinghamshire, England-based brownfield site developer, housebuilder and regeneration specialist - Expects to complete audit of its annual report and accounts for the financial year that ended September 30, 2022 in June 2023. Agrees a deal with FRP Advisory Trading Ltd to undertake the independent review of the related party issues and any other relevant matters. This has also been reviewed by PwC, who alongside Inland Homes, concluded in late March they would require further time to review the related party issues announced at the start of March.

30 Mar 2023 17:14

Inland Homes shares surge; raises GBP2.5 million through subscription

(Alliance News) - Inland Homes PLC on Thursday said it has raised GBP2.5 million through the issue of 25 million new shares at a subscription price of 10 pence each.

29 Mar 2023 18:19

TRADING UPDATES: UIL sells holdings in both AssetCo and BNK Banking

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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IN BRIEF: Inland Homes Makes Two Sales Worth GBP52.8 Million In Total

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