(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.
17 Jan 2022 12:33
Inland Homes rises after court quashes Hillingdon review
(Sharecast News) - Housebuilder and brownfield developer Inland Homes announced on Monday that the application by the London Borough of Hillingdon to seek a judicial review of the Mayor of London's decision to approve plans for 514 homes at Hillingdon Gardens had been quashed by the High Court.
Read more