Inland Homes PLC Acquisition of interest in major site in Middx (3367H)
March 12 2018 - 3:00AM
UK Regulatory
TIDMINL
RNS Number : 3367H
Inland Homes PLC
12 March 2018
12 March 2018
Inland Homes Plc
Acquisition of Joint Venture Partner's interest in major site in
Middlesex
Inland Homes plc (AIM: INL) ("Inland Homes", "the Group" or the
"Company"), the leading brownfield regeneration specialist and
housebuilder with a focus on the South and South East of England,
announces the unconditional exchange of contracts to acquire its
joint venture partner's 80% interest in Brooklands Helix
Developments Limited ("BHDL"). Completion of the purchase is set
for 29 March 2018, following which Inland Homes will own 100% of
BHDL.
BHDL owns the former Brooklands College, a prime 10 acre site in
the town centre of Ashford in Middlesex. The site has planning
consent for 357 homes (including 32 affordable units) and 619 sq m
of flexible commercial space with an estimated gross development
value of GBP120 million. Preliminary works, including demolition
and site clearance, have already commenced.
Stephen Wicks, Chief Executive commented:
"This is a major regeneration project and a fantastic site right
in the heart of Ashford town centre, a highly sustainable location
that is close to the station, providing access to London Waterloo
in under 40 minutes. This new development will deliver new shops
and homes, whilst opening up four acres of public open space which
Inland will use to establish a new vibrant community in this
growing commuter town."
Ends
Enquires:
Inland Homes plc Tel: +44 (0)
Stephen Wicks, Chief Executive 1494 762450
Nishith Malde, Finance Director
Stifel Nicolaus Europe Limited (Nominated Tel: +44 (0)
Adviser): 20 7710 7600
David Arch
FTI Consulting: Tel: +44 (0)20
3727 1000
Dido Laurimore
Claire Turvey
Richard Gotla
Methuselah Tanyanyiwa
This information is provided by RNS
The company news service from the London Stock Exchange
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