INL.L Regulatory News (INL)

9 May 2007 07:01

Inland PLC09 May 2007 For immediate release 9 May 2007 Inland plc ("Inland" or the "Company") Planning permission secured on brown field site in Northwood Middlesex Inland, which specialises in buying brown field sites and enhancing their valueby obtaining planning permission, is pleased to announce that planning consenthas been secured on a third site. The approved consent is for a development of 14 homes in Northwood, Middlesexand in line with Inland's business model this land will now be sold in the openmarket. The board of Inland strongly believe that this site will generate anattractive and potentially profitable offer from a local or national housebuilder who in turn would be able to commence construction immediately. Stephen Wicks, Chief Executive of Inland commented"I am delighted that we have secured this valuable planning permission, whichwas obtained in less than five months, in an environment where securing planningconsent has become extremely difficult. This consent is a credit to the tenacityand the professionalism of our land team who successfully led the negotiationswith the London Borough of Hillingdon." For further information please contact: Inland Plc Tel: 01923 713 600Stephen Wicks, Chief ExecutiveNishith Malde, Finance Director Dawnay, Day Corporate Finance Limited, Nominated Adviser Tel: 020 7509 4570David FloydAlex Stanbury Buchanan Communications Tel: 020 7466 5000 Jeremy GarciaSusanna Gale About Inland plc Inland plc is a dynamic developer of urban regeneration projects around SouthernEngland. Predominantly specialising in Brownfield developments, the Inland teamcan provide solutions to a variety of difficult and sensitive land situations. Inland successfully navigates the complex planning system, applying meticulousattention to detail throughout the design process whilst utilising its closeworking relationships with local authorities. Our ability to secure sites oftenoverlooked by others, means our track record in the development of Brownfieldopportunities is second to none. This information is provided by RNS The company news service from the London Stock Exchange