Land update

RNS Number : 5045K

Inland Homes PLC

22 August 2012

 



For immediate release

22 August 2012

Inland Homes plc

('Inland' or the 'Company')

brownfield regeneration specialists and home builders

Detailed Planning Permission received for land in Chelmsford

Following the Company Trading Update on 27 July 2012, Inland Homes plc is pleased to confirm receipt of detailed planning permission for 127 residential plots (including 14 affordable units) for the northern part of St John's Hospital, Chelmsford.  The estimated gross development value of this 6.5-acre site amounts to £26.5m.

Enquiries: Inland Homes plc Stephen Wicks, Chief Executive Nishith Malde, Finance Director Tel:  [phone] www.inlandplc.com AIM: Ticker: INL

finnCap Nominated Adviser & Broker Corporate Finance: Matthew Robinson Rose Herbert Corporate Broking: Simon Starr Tel:  [phone]

TooleyStreet Communications Fiona Tooley, Director Graeme Cull, Consultant Tel: [phone]

Editors Note:

Inland identifies brownfield land in the South East of England where it considers it to hold excellent potential for residential and mixed use development including commercial space. It then seeks to enhance its land value by obtaining planning permission before selling consented land onto developers.  It also develops some of its plots for private sale.

 

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