INL.L Regulatory News (INL)

9 December 2020

Inland Homes plc

Award Wins

Inland Homes plc ("Inland Homes", "Inland" or "the Group"), the leading brownfield developer, housebuilder and partnership housing company with a focus on the South and South East of England, announces two award wins.

· Chapel Riverside, Southampton

Chapel Riverside has won the Gold award in the Best Regeneration Scheme category at the WhatHouse? 2020 awards.

This nine-acre regeneration project on a complex brownfield site is delivering 520 new one, two and three-bedroom homes and 64,000sqft of commercial space. Located on the site of the former Town Depot, the Group is carrying out extensive site remediation and civil engineering works including the demolition of disused buildings, ground decontamination and the sinking of a 25m diameter water tank to a depth of 17m from ground level. The Group has also raised the site level and built the 210m critical first section of a sea wall at a cost of approximately £2.5m to protect the city against flooding.

· Hugg Homes

The Group's subsidiary, Hugg Homes, was announced as the winner of the 'Innovator of the Year: Housing Delivery' at the UK Housing Awards.

Making use of dormant land, Hugg bespoke, modular homes provide an innovative response to the housing crisis, offering local authorities and others a high-quality alternative to bed and breakfast or hostel accommodation while putting to good use brownfield land waiting for planning permission and construction to commence.

Hugg currently has 22 units tenanted within its Chapel Riverside development in Southampton (six to Southampton Council) and 32 within its Cheshunt Lakeside development in Cheshunt to Broxbourne Borough Council, which together generate a gross rental income of approximately £500,000 a year.

A planning application for a further 48 units at Cheshunt Lakeside was approved by Broxbourne Borough Council in November, subject to the signing of a Section 106 agreement.

Stephen Wicks, Chief Executive, commented:

"Chapel Riverside is a prime example of the additional value we can bring to schemes through our brownfield site remediation experience and ability to manage major civil engineering works in-house and we are delighted to have received this recognition.

"Equally, we are delighted to have been recognised for the innovative work of our temporary modular housing subsidiary, Hugg Homes. Local authorities and others are facing ever-increasing demand for temporary accommodation, exacerbated by COVID-19. Hugg is providing much needed support and crucially doing so at a quality that ranks favourably against other options."

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