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Inland Homes completions slip on occupation delays at several developments

Thu, 24th Jan 2019 08:17

(Sharecast News) - Brownfield developer and housebuilder Inland Homes warned that full-year completions would be lower this year than they were a year earlier as a result of occupation delays at several large developments.Inland said it had achieved 81 legal completions of private home sales in the first half of its trading year at an average price of £238,000.Elsewhere, the AIM-listed outfit, which has more than 1,500 homes under construction at present, has locked in a new £65m four-year revolving credit facility with HSBC to replace its current £20m facility with Barclays.Inland will now look to use its new facility in conjunction with borrowings from other lenders to bolster its growth plans.Chief executive Stephen Wicks said: "The more than doubling of our debt facilities, on improved terms, provides a strong platform to fund our housebuilding output and complete our transition."On a separate note, Wicks acknowledged that the short term uncertainty caused by Brexit "was justifiably causing consumer concerns.""One can only assume a resolution will be found in the foreseeable future. One thing politicians of all parties do agree on is that the UK has a chronic shortage of new homes that are affordable, and Inland is well placed to benefit from this demand going forward," he added.As of 1140 GMT, Inland Homes shares had slipped 1.95% to 55.40p.
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6 Jul 2022 15:20

IN BRIEF: Inland Homes sells 22 Wilton Park homes for GBP13 million

Inland Homes PLC - Buckinghamshire, England-based housing plot developer - Agrees to sale of 22 homes alongside plot of land within Wilton Park, Beaconsfield for GBP12.7 million.

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4 Jul 2022 10:35

AIM WINNERS & LOSERS: MySale stock still enjoying Frasers-driven gains

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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4 Jul 2022 09:47

Inland Homes completes GBP21.7 million land and build sale

(Alliance News) - Inland Homes PLC on Monday said it has achieved practical competition of its land and build sale of 85 units at Buckingham House, High Wycombe to an unnamed "build-to-rent" operator.

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4 Jul 2022 07:44

Inland Homes achieves practical completion of High Wycombe project

(Sharecast News) - Housebuilder Inland Homes has achieved practical completion of the land and build sale of 85 units at Buckingham House, High Wycombe to an unnamed "Build-to-Rent" operator.

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30 Jun 2022 13:59

EARNINGS UPDATES: UK Oil & Gas and 7digital post widened losses

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

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3 May 2022 10:47

Inland Homes sells part of Wilton Park site for GBP19 million

(Alliance News) - Real estate development company Inland Homes PLC on Tuesday said it has sold part of its Wilton Park site for GBP19.1 million to care home and retirement living operator Beechcroft Developments.

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3 May 2022 10:14

Inland Homes agrees to sell part of Wilton Park asset

(Sharecast News) - Brownfield developer and housebuilder Inland Homes has conditionally offloaded part of its Wilton Park asset in Beaconsfield to a major care home and retirement living operator.

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6 Apr 2022 12:01

Inland Homes completes land sales; Managing Director Skinner leaves

(Alliance News) - Inland Homes PLC on Wednesday said that Group Managing Director Gary Skinner has left the company with immediate effect.

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6 Apr 2022 11:04

Inland Homes makes two land sales to help pay down debt

(Sharecast News) - Housebuilder and brownfield developer Inland Homes announced two land sales on Wednesday - at the former telephone exchange in Staines, and the third phase of Gardiners Park Village in Basildon.

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21 Mar 2022 14:38

TRADING UPDATES: Further progress at Blencowe and Rockfire mines

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

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14 Mar 2022 16:07

UK shareholder meetings calendar - next 7 days

Tuesday 15 March  
abrdn PLCGM re proposed acquisition of interactive investor
BlackRock Energy & Resources Income Trust PLCAGM
Wednesday 16 March  
Idox PLCAGM
Safestore Holdings PLCAGM
Thursday 17 March  
BATM Advanced Communications LtdGM re share buyback
Friday 18 March  
Caracal Gold PLCAGM
Chenavari Toro Income Fund LtdAGM
Monday 21 March 
Aferian PLCAGM
Altona Rare Earths PLCAGM
Helical PLCGM re becoming REIT & buyback
Inland Homes PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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1 Feb 2022 21:11

TRADING UPDATES: Kingswood delivers record performance; Mears upbeat

TRADING UPDATES: Kingswood delivers record performance; Mears upbeat

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1 Feb 2022 08:28

Inland Homes profit surges on record revenue

(Sharecast News) - Inland Homes' annual profit more than tripled as the housebuilder notched up record revenue and cut its debt.

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18 Jan 2022 17:11

TRADING UPDATES: Hotel Chocolat and Henry Boot beat expectations

TRADING UPDATES: Hotel Chocolat and Henry Boot beat expectations

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17 Jan 2022 12:48

TRADING UPDATES: Inland's Hillingdon boost; Yooma products at Boots

TRADING UPDATES: Inland's Hillingdon boost; Yooma products at Boots

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