Inland Homes submits planning on Wilton Park

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 £1.5 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 £350 million. Inland is now well on the way to creating significant value here for our shareholders."

Enquiries:

Inland Homes plc:		Tel: [phone]
Stephen Wicks, Chief Executive
Nishith Malde, Finance Director
Paul Brett, Land Director
Stifel Nicolaus Europe Limited (Nominated Adviser & Broker):		Tel: [phone]
David Arch
FTI Consulting (IR & Media Relations):		Tel: [phone]
Dido Laurimore
Claire Turvey
Richard Gotla Polly Warrack

 

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