TIDMINL

RNS Number : 0942R

Inland Homes PLC

19 September 2017

19 September 2017

Inland Homes plc

Inland Homes submits planning on 100 acre flagship Wilton Park

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 that it has made an outline planning application on its 100 acre flagship development site "Wilton Park" in Beaconsfield Buckinghamshire.

The outline application is for the delivery of up to 350 homes, as well as commercial and community development within a parkland setting. Wilton Park benefits from its close proximity to Junction 2 of the M40 and to Beaconsfield and Seer Green Stations, providing access to London Marylebone within 23 minutes. The outline consent will also enable the completion of the much anticipated Beaconsfield relief road which will divert traffic away from old Beaconsfield between the M40 and Amersham.

In the period leading up to this application, Inland has constructed the first phase of the relief road together with significant landscaping and tree planting and has sought to maximise the short term income from the asset via residential and commercial lettings. Annualised gross income from the site is currently GBP1.5 million.

Paul Brett group Land Director commented;

"The submission of this planning application is a major milestone in the development of one of the UKs most unique and special sites which has been described by Savills as "one of the finest development opportunities in southern England". The land already has an allocation for development in the South Bucks local plan and this planning application is the culmination of a number of years of hard work by the Inland team to carefully balance the aspirations of the planning authority and the local community, against the need to maximise the commercial value of this prime asset which has an estimated GDV of approximately GBP350 million. Inland is now well on the way to creating significant value here for our shareholders."

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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