Inland Homes PLC Planning secured for 58 homes in Uxbridge (4468B)
04 April 2017 - 4:00PM
UK Regulatory
TIDMINL
RNS Number : 4468B
Inland Homes PLC
04 April 2017
4 April 2017
Inland Homes plc
Inland Homes secures planning for 58 homes in Uxbridge
Contracts exchanged on the sale of 28 affordable homes
Inland Homes plc (AIM: INL) ("Inland Homes" or the "Company"),
the leading brownfield regeneration specialist and housebuilder
with a focus on the South and South East of England, has secured a
resolution to grant planning permission at its site at the former
Randalls department store in Uxbridge, Middlesex to develop 58
homes.
The development will involve the conversion of part of the
listed building into eight apartments and the construction of an
additional storey onto the building to accommodate six apartments,
while the ground floor, comprising 8,000 sq ft, will be converted
into a new retail unit. The approval also includes the conversion
of the adjacent Old Fire Station building into three duplex
apartments.
Inland Homes, which is highly experienced in the conversion of
historic and listed buildings, is sensitive to the former
department store's long history in Uxbridge, and the preservation
of the high architectural value of the street elevation is central
to the Company's plans for the site.
Contracts have also been exchanged for the sale of 28 affordable
homes at Queensgate, Farnborough with a Registered Provider for
GBP4.65 million, of which GBP1.57 million will be received in June
2017 for the land, and the balance transferred by the purchaser as
construction progresses. These homes are part of the final phase on
the site, where the Group recently secured a planning consent for
80 homes.
Stephen Wicks, Chief Executive of Inland Homes, commented:
"We have now secured planning permissions or resolutions to
grant planning permission for the construction of over 1,250 homes
in the first quarter of 2017, accelerating the momentum behind our
delivery of much needed, high quality homes in the south and south
east of England at accessible price points. It has been a strong
start to the year and we will be continuing to grow our activities
against the supportive market backdrop."
Enquiries:
Inland Homes plc: Tel: +44 (0) 1494
762450
Stephen Wicks, Chief Executive
Nishith Malde, Finance Director
Paul Brett, Land Director
Stifel Nicolaus Europe Limited (Nominated Tel: +44 (0) 20
Adviser & Broker): 7710 7600
David Arch
FTI Consulting (IR & Media Relations): Tel: +44 (0)20 3727
1000
Dido Laurimore
Claire Turvey
Richard Gotla
Polly Warrack
This information is provided by RNS
The company news service from the London Stock Exchange
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