(Sharecast News) - Inland Homes announced on Monday that the planning permission granted at Wilton Park, Beaconsfield was now through the judicial review period, and was free from any legal challenge.
The AIM-traded housebuilder also advised the market that Adam Architecture had been appointed to design and submit a detailed planning application for the first two phases of the scheme, which would comprise 146 homes - 26% of which would be classed as 'affordable housing'.
It said it planned to submit the reserved matters applications early in the new year.
Inland said Adam Architecture specialises in "traditional design", with a "strong" track record of designing new housing developments across the UK that complemented their setting and reflected local heritage.
Wilton Park is the company's flagship development, with an estimated gross development value of £350m.
The board said the development would deliver 350 homes 1,730 square metres of commercial space, and a new two-hectare public park, expanded and purpose built premises for the nursery school, and permanent sports pitches and facilities for Beaconsfield Town Football Club youth teams.
Inland Homes would also complete the final section of the A355 Beaconsfield relief road, in a bid to ease traffic flow in the local area.
It said that in addition to the consented plans, there were provisional proposals for further development on the site, which could provide a further 250 homes and 18,500 square metres of commercial space.
"We are delighted the planning is now free from challenge and that these eminent architects have been appointed," said group chief executive officer Stephen Wicks.
"The scheme will be traditional and spectacular, and we are excited about the prospect of creating a new landmark destination for Buckinghamshire.
"The scheme will deliver a wide range of benefits both for the existing local community and residents at the new Wilton Park, and first-rate architecture and design will be key to its success for generations to come."
Robert Adam of Adam Architecture added that the development was "a great opportunity" to use the "existing character and distinctive history" of Wilton Park to make a place of interest that would be a credit to Beaconsfield.
"Inland Homes' commitment to the quality of the design will ensure our common vision for the area will go forward into the future."
At 1549 GMT, shares in Inland Homes were up 0.63% at 79.99p.
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:
Read more