INL.L Regulatory News (INL)

14 April 2021

Inland Homes plc

("Inland Homes", "Group" or "Company")

Transaction Update

Inland Homes plc, the brownfield developer and housebuilder focused on building residentially led developments for direct sale or on behalf of partner organisations, provides the following update in respect of a number of properties within its development pipeline and asset management activities.

The Wessex site, West Cliff Road, Bournemouth

The sale of a new 105 bed hotel built by Inland at this development, which was pre-let to Premier Inn for £588,000 per annum, has now completed. The sale of the investment was made to Aviva for £13.266m.

On the same site, Inland are currently building 94 apartments of which 15 are sold with a further 16 under offer. Construction is due to complete in July this year.

The former Master Brewer site, Hillingdon, Middlesex

The Company is pleased to advise that planning permission has been granted and issued for 514 homes including 182 affordable homes.

Former Homebase site, Walthamstow, East London

Inland Homes has received a "resolution to grant" planning permission from the London Borough of Waltham Forest for 583 homes including 174 affordable homes.

Planning permission will be issued on completion of a legal agreement.

The Calvary Barracks, Hounslow, West London

The Company has submitted a planning application for 1,629 homes and 28,772sq ft of commercial space to the local authority. This follows over 12 months of consultation with local residents and the planning authority.

At nearly 40 acres, this site is one of the largest brownfield sites remaining in London.

Enquiries

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