27 Mar 2023 07:00
27 March 2023
Inland Homes plc
Exchange of contracts with Housing Association
Inland Homes (AIM: INL) ("Inland Homes" or the "Company"), the leading brownfield developer, housebuilder and partnership housing company with a focus on the South and South East of England, is pleased to report it has exchanged conditional contracts to sell 31 affordable homes to Eastlight Community Homes for £6.54m to be satisfied in cash on completion.
The sale forms part of Inland's Templar Green development where planning permission was obtained for over 70 new homes set within a generous landscaped setting. Completion will take place in phases over the coming months as the units are completed.
Nish Malde, Group Finance Director, commented:
"We are delighted to be working with Eastlight on this exciting project to deliver much needed high quality affordable homes to the local community."
For further information, please contact:
Inland Homes plc Tel: 44 (0)1494 762450
Nishith Malde, Chief Financial Officer
Panmure Gordon (UK) Limited (NOMAD and broker to the Group) Tel: 44 (0)20 7886 2500
Dominic Morley / James Sinclair-Ford (Corporate Advisory)
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").