14 Dec 2011 14:59
Inland Homes plc
('Inland' or the 'Company')
Annual report and accounts posted
Inland Homes PLC which specialises in buying brown field sites and enhances their value by obtaining planning permission before selling consented land onto developers, announces that its annual report and accounts for the year to 30 June 2011 has been sent to shareholders and is available to view from the Company's website: www.inlandplc.com
Inland Homes plc | |
Stephen Wicks, Chief Executive | Tel: 01494 762450 |
Nishith Malde, Finance Director | Tel: 01494 762450 |
finnCap Nominated Adviser & Broker | |
Matthew Robinson (Corporate Finance) | Tel: 020 7220 0500 |
Rose Herbert (Corporate Finance) | Tel: 020 7220 0500 |
Buchanan Communications | |
Jeremy Garcia / Christian Goodbody | Tel: 020 7466 5000 |
About Inland:
Inland identifies brownfield land in the South East of England with excellent potential for residential and mixed use development including commercial space. Inland then enhances the land value by applying its expertise to obtain planning permission and subsequently sells the consented land onto house builders. Inland's current portfolio consists of 10 sites with a total of 1,590 residential plots of which 1,109 are consented and 260,000 sq. ft of commercial space of which 152,000 sq. ft. is consented. Inland's strategy is to secure large sites as principals or with joint venture partners. Land disposals are core to fund operations and realise the value of existing sites. The Company also develops a small part of large sites and constructs the infrastructure so as to provide serviced sites to house builders and create an attractive environment.