Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksINL.L Share News (INL)

  • There is currently no data for INL

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Inland Homes forward sale in Bournemouth goes unconditional

Tue, 23rd Apr 2019 10:21

(Sharecast News) - Specialist brownfield land development and housebuilder Inland Homes updated the market on its site at West Cliff Road in Bournemouth - the former Wessex Hotel - on Tuesday.The AIM-traded firm had announced last June that it had signed a pre-let with Whitbread brand Premier Inn for a 25-year lease, with a starting rent of £0.59m per annum for the site.It said the site was currently under construction for 88 apartments and a 105-bed hotel.Following that, on 27 November it announced that it had signed a conditional forward-sale of the site to Aviva Investors for £13.3m.Inland Homes confirmed on Tuesday that the conditions to the agreement had now been satisfied and therefore, on completion of the hotel - currently estimated for December 2020 - it would receive £13.266m for the freehold interest.Inland Homes also advised that it was moving to a purpose-built headquarters of 10,000 square feet at Burnham Yard in Beaconsfield on 29 April, which would be its new registered office."We are delighted that the forward-sale agreement with Aviva Investors is now unconditional, at a starting yield of 4.15%," said Inland Homes chief executive officer Stephen Wicks."This will generate an attractive capital sum for Inland on completion of the development which is significantly more than initially anticipated."The move to Burnham Yard will enable us to have significantly more space and will provide further room to continue the expansion of our operations in the future," Wicks added.
More News
17 Feb 2023 13:45

Inland Homes shares rocket on securing bank covenant waivers

(Alliance News) - Inland Homes PLC on Friday said that it has secured waivers from two lenders, after breaching its covenants with both following a challenging financial year.

Read more
25 Jan 2023 12:55

Inland Homes sells greenfield land portfolio; widens loss estimate

(Alliance News) - Inland Homes PLC on Wednesday said it sold its "non-core" greenfield land portfolio, alongside providing a trading update, in which it said outlook for the UK housebuilding industry is worsening.

Read more
16 Jan 2023 16:51

LONDON MARKET CLOSE: FTSE 100 extends win streak with record in sight

(Alliance News) - London's FTSE 100 edged closer to a record high on Monday, with housebuilders and retailers among the star performers at the start of the week.

Read more
16 Jan 2023 15:02

IN BRIEF: Inland Homes CEO exits immediately after just month in post

Inland Homes PLC - Beaconsfield, England-based housebuilder and brownfield developer in south and south east England - Says Donagh O'Sullivan resigns immediately as chief executive officer "by mutual agreement" and steps down from board, having only been in the CEO job since early December. Inland Homes provides no reason for the sudden change. O'Sullivan had been CEO of privately owned Galliard Homes from July 2017 until March 2022.

Read more
6 Dec 2022 14:59

IN BRIEF: Inland Homes appoints Donagh O'Sullivan as new CEO

Inland Homes PLC - Beaconsfield, England-based housebuilder, partnership housing developer and regeneration specialist - Appoints Donagh O'Sullivan as chief executive officer, starting from Tuesday.

Read more
6 Dec 2022 10:31

Inland Homes names Donagh O'Sullivan as CEO

(Sharecast News) - Housebuilder Inland Homes revealed on Tuesday that former Galliard Homes CEO Donagh O'Sullivan will take over as chief executive officer, with immediate effect.

Read more
14 Oct 2022 13:07

Inland Homes gets planning permission for Cavalry Barracks

(Sharecast News) - Housebuilder and regeneration specialist Inland Homes announced on Friday that its asset management division has received, on behalf of a third-party project investor, a resolution to grant planning permission at Cavalry Barracks in West Hounslow for a mixed-use development of 1,525 homes and 2,700 square metres of commercial space.

Read more
14 Oct 2022 11:01

AIM WINNERS & LOSERS: Win for Inland Homes; relief for LendInvest

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

Read more
14 Oct 2022 10:14

IN BRIEF: Inland Homes shares up as approval won for former MoD site

Inland Homes PLC - Buckinghamshire, England-based housing plot developer - Secures planning permission for a brownfield development, called Calvary Barracks in Hounslow, west London. Says Calvary Barracks is a 37 acre former UK Ministry of Defence site, which has a gross development value of GBP600 million.

Read more
14 Oct 2022 07:50

LONDON BRIEFING: Mondi profit jumps; IDS warns of Royal Mail job cuts

(Alliance News) - Global markets were defying a hotter-than-expected US inflation reading to push higher on Friday.

Read more
7 Oct 2022 20:16

TRADING UPDATES: Steppe Cement revenue up; H&T raises GBP16.9 million

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

Read more
6 Sep 2022 16:55

LONDON MARKET CLOSE: Europe shakes off weak New York open

(Alliance News) - Markets in Europe overcame a lethargic morning for returning New York equities on Tuesday, with the mood in London supported by hopes of a package by the new UK prime minister to keep a lid on rampant energy bills.

Read more
6 Sep 2022 12:03

LONDON MARKET MIDDAY: FTSE 100 shades green; US returns from holiday

(Alliance News) - The FTSE 100 was being boosted by housebuilders at midday on Tuesday, while a raft of UK consumer stocks were enjoying a rally on the hopes that the new prime minister, Liz Truss, will help soften the blow of surging energy bills.

Read more
6 Sep 2022 11:35

IN BRIEF: Inland Homes shares fall on major project delays; CEO leaves

Inland Homes PLC - Buckinghamshire, England-based housing plot developer - Experiences unforeseen planning delays for two major schemes under its Land and Asset Management segments. As a result, the timing of land disposals have been revised. Says these were expected to contribute over GBP75.0 million in revenue and "significant" profitability to the group. Following the delays, the financial benefit will now be registered in the next financial year ending September 30, 2023, Inland Homes says.

Read more
6 Sep 2022 10:43

AIM WINNERS & LOSERS: Inland Homes falls on major project delays

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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.