Inland PLC
16 April 2007
For Immediate Release 16 April 2007
Inland plc
('Inland' the 'Company')
Brownfield site purchased from Ashford & St Peters Hospitals NHS Trust
Inland, which specialises in buying 'brown field' sites and enhancing their
value by obtaining planning permission is pleased to announce the unconditional
purchase of a substantial brownfield site which formed part of Ashford Hospital
for a total consideration of £7m. The site is at the junction of London Road
(A30) and Town Lane and is approximately 2 miles from Heathrow Airport.
A planning application is being prepared for a residential development of circa
160 homes together with new parking facilities for the hospital.
Inland acquired the land from Ashford and St Peters Hospitals NHS Trust who will
use the receipt of the sale to improve facilities on the adjoining hospital.
Stephen Wicks the Inland CEO commented
'We are delighted to have secured this important brownfield site on favourable
terms for the Company and are confident in obtaining planning permission and
thereby enhance its value to provide an excellent return on capital.'
For further information please contact:
Inland Plc Tel: 01923 713 600
Stephen Wicks, Chief Executive
Nishith Malde, Finance Director
Dawnay, Day Corporate Finance Limited, Nominated Tel: 020 7509 4570
Adviser
David Floyd
Alex Stanbury
Buchanan Communications Tel: 020 7466 5000
Jeremy Garcia
Susanna Gale
About Inland plc
Inland plc is a dynamic developer of urban regeneration projects around Southern
England. Predominantly specialising in Brownfield developments, the Inland team
can provide solutions to a variety of difficult and sensitive land situations.
Inland successfully navigates the complex planning system, applying meticulous
attention to detail throughout the design process whilst utilising its close
working relationships with local authorities. Our ability to secure sites often
overlooked by others, means our track record in the development of Brownfield
opportunities is second to none.
This information is provided by RNS
The company news service from the London Stock Exchange
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