(Sharecast News) - Residential property manager Inland Homes has sold two separate 'Build to Rent' funds within its Centre Square and Buckingham House developments in High Wycombe.
Inland Homes said on Thursday that it had completed the unconditional sale of 123 units and amenity space via its joint venture, High Wycombe Developments to "a well-established" real estate investment manager for £31.5m and noted that it expects to complete the build by March 2021.
The AIM-listed group also said it had exchanged contracts for the sale of 85 units at Buckingham House to a separate fund for a maximum of £21.3m, 10% of which was payable on exchange.
Chief executive Stephen Wicks said: "As these deals evidence and following the completion of land sales at Wilton Park and Cheshunt Lakeside, there is sustained demand from investors, housing associations and other developers for our high-quality land assets and our build expertise."
As of 1000 BST, Inland Homes shares were up 2.40% at 51.20p.
22 Feb 2016 09:55