Inland Homes PLC - south-east England-focused housebuilder - Makes two sales to two separate 'Build to Rent' Funds within its Centre Square and Buckingham House developments in High Wycombe. The Centre Square sale comprises 123 units and amenity space for GBP31.5 million. For Buckingham House, Inland Homes has exchanged contracts for 85 units with the land and build contract for a maximum of GBP21.3 million.
Separately, says it has triggered the accordion part of the revolving credit facility with HSBC Holdings PLC of GBP20 million. This takes the facility available for day-to-day use to a new maximum of GBP65 million from GBP45 million.
"We are very pleased to have triggered the accordion element of our revolving credit facility from HSBC for our expanding house building activity," says Chief Executive Stephen Wicks.
Current stock price: 50.50 pence
Year-to-date change: down 40%
By Lucy Heming;Â lucyheming@alliancenews.com
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