Agreement signed for Wilton Park, Beaconsfield

RNS Number : 1195U

Inland Homes PLC

28 November 2013

 



28 November 2013

Inland Homes PLC

("Inland Homes" or the "Group")

Agreement signed for Wilton Park, Beaconsfield

Inland Developments Limited, a company controlled by funding partners of Inland Homes, has recently concluded an agreement with the Defence Infrastructure Organisation ("DIO"), which is part of the Ministry of Defence, for the purchase of the Defence School of Languages site at Wilton Park, Beaconsfield. The site is part of South Buckinghamshire Council's core strategy for the development of a high-quality,residentially led mixed use development of up to 300 homes on this prime site.

Inland Homes has signed an agreement with Inland Developments Limited to exclusively negotiate a Development Services Agreement ("DSA") to be entered into in respect of the management and development of Wilton Park. The DSA is expected to be finalised by 31 March 2014.

As described in the announcement dated 10 October 2012, the Group is the owner of a substantial parcel of land which is the preferred access route to Wilton Park and fundamental for the development of this site.

Stephen Wicks, Chief Executive of Inland Homes commented:

"The Wilton Park site is arguably the one of the best development opportunities in the South East of England.

"As a business, Inland Homes has a great track record in delivering large scale projects such as this and looks forward to managing the development over the coming years in the same way as the development at Drayton Garden Village in West Drayton."

For further information, please contact:

Inland Homes plc	www.inlandplc.com	Tel: [phone]
Stephen Wicks	Chief Executive
Nishith Malde	Finance Director
Paul Brett	Land Director
finnCap	Nomad & Broker	Tel: [phone]
Matthew Robinson/Simon Hicks	Corporate Finance
Simon Starr/Brian Patient	Corporate Broking
Blythe Weigh Communications		Tel: [phone]
Paul Weigh		Tel: [phone]
Halimah Hussain		Tel: [phone]

Note for editors:

Wilton Park, Beaconsfield, Buckinghamshire is the former site of the Ministry of Defence School of Languages.  The site is over 100 acres and has been allocated for approximately 300 homes in the core strategy of South Bucks District Council ("SBDC").  Inland is working with SBDC to prepare a detailed development brief for the site which is expected to be adopted by mid-2014.  This will then pave the way for a planning application to be submitted.

 

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