5 Oct 2021 07:00
5 October 2021
Inland Homes plc
("Inland Homes", "Group" or "Company")
Gardiners Park Village Planning Consent
Inland Homes plc, the brownfield developer and housebuilder focused on building residentially led developments for direct sale or on behalf of partner organisations, today announces that it has received planning consent, further to the signing of a Section 106 agreement, at Gardiners Park Village, Basildon.
The consent follows the resolution to grant planning permission received for the site, subject to the signing of a Section 106 agreement, announced in May 2021. The consent enables the delivery of up to 700 new homes, together with 25,000 square metres of commercial space, new school and community facilities. The estimated gross development value of the 54-acre site is in excess of £200m.
In total the scheme delivers 31 per cent affordable housing and is being delivered through a public/private partnership approach with Homes England, the government body charged with accelerating housing delivery.
The Group signed a development agreement with Homes England, which has a majority interest in the site, in April 2020 and will acquire the land in phases over a five-year period.
Construction of the first phase with detailed planning consent, comprising 74 homes, is expected to commence in early 2022.
Chief Executive Stephen Wicks commented:
"Inland Homes has once again demonstrated its skill and tenacity in securing planning consent on complex challenging sites to deliver the much-needed homes England needs.
The granting of this planning consent at Gardiners Park Village means we can now begin to transform what has been a vacant, brownfield site for the past 40 years, into a thriving new community with 700 homes, of which nearly one third will be delivered as affordable.
We look forward to continuing to work with Homes England in the delivery of this important scheme."
Enquiries
Inland Homes plc: | Tel: +44 (0)1494 762450 |
Stephen Wicks, Chief Executive | |
Nishith Malde, Finance Director | |
Gary Skinner, Managing Director | |
Panmure Gordon (UK) Limited | Tel: +44 (0)20 7886 2500 |
Dominic Morley | |
Erik Anderson | |
Instinctif Partners Tim McCall | Tel: +44 (0)20 7457 2020 |
Galyna Kulachek | |
Bryn Woodward | |
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").
Notes to Editors:
Incorporated in the UK in 2005, Inland Homes plc is an AIM listed specialist housebuilder and brownfield developer, dedicated to achieving excellence in sustainability and design.
Inland Homes acquires brownfield land in the South and South-East of England principally for residentially led development schemes. The business then enhances the land value by obtaining planning permission, before building open market and affordable homes or selling surplus consented land to other developers to generate cash.
The Company is committed to extensive public and community consultation in order to ensure that, where possible, local community needs and objectives are met.
Inland's aim is to create sustainable communities and homes which set a benchmark for all future developments in the South and South East of England. The Company is always looking for brownfield sites without planning permission for future development.
For further information, please visit the Inland Homes website at: www.inlandhomes.co.uk
Hugg Homes - www.hugghomes.co.uk
Rosewood Housing - www.rosewoodhousing.co.uk