REG - Inland Homes PLC - Gardiners Park Village Planning Consent

Inland HomesAnnouncement

05/10/2021 07:05

RNS Number : 9714N
  
Inland Homes PLC
  
05 October 2021
  
 

5 October 2021



 
Inland Homes plc
("Inland Homes", "Group" or "Company")
Gardiners Park Village Planning Consent 
Inland Homes plc, the brownfield developer and housebuilder focused on building residentially led developments for direct sale or on behalf of partner organisations, today announces that it has received planning consent, further to the signing of a Section 106 agreement, at Gardiners Park Village, Basildon.
The consent follows the resolution to grant planning permission received for the site, subject to the signing of a Section 106 agreement, announced in May 2021. The consent enables the delivery of up to 700 new homes, together with 25,000 square metres of commercial space, new school and community facilities. The estimated gross development value of the 54-acre site is in excess of £200m. 
In total the scheme delivers 31 per cent affordable housing and is being delivered through a public/private partnership approach with Homes England, the government body charged with accelerating housing delivery.
The Group signed a development agreement with Homes England, which has a majority interest in the site, in April 2020 and will acquire the land in phases over a five-year period.
Construction of the first phase with detailed planning consent, comprising 74 homes, is expected to commence in early 2022. 
Chief Executive Stephen Wicks commented:
"Inland Homes has once again demonstrated its skill and tenacity in securing planning consent on complex challenging sites to deliver the much-needed homes England needs. 
The granting of this planning consent at Gardiners Park Village means we can now begin to transform what has been a vacant, brownfield site for the past 40 years, into a thriving new community with 700 homes, of which nearly one third will be delivered as affordable. 
We look forward to continuing to work with Homes England in the delivery of this important scheme."
 
Enquiries



Inland Homes plc:


Tel: +44 (0)1494 762450




Stephen Wicks, Chief Executive








Nishith Malde, Finance Director








Gary Skinner, Managing Director 


















Panmure Gordon (UK) Limited


Tel: +44 (0)20 7886 2500




Dominic Morley








Erik Anderson


















Instinctif Partners
Tim McCall


Tel: +44 (0)20 7457 2020




Galyna Kulachek








Bryn Woodward

















 
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").
Notes to Editors:
Incorporated in the UK in 2005, Inland Homes plc is an AIM listed specialist housebuilder and brownfield developer, dedicated to achieving excellence in sustainability and design.
Inland Homes acquires brownfield land in the South and South-East of England principally for residentially led development schemes. The business then enhances the land value by obtaining planning permission, before building open market and affordable homes or selling surplus consented land to other developers to generate cash.
The Company is committed to extensive public and community consultation in order to ensure that, where possible, local community needs and objectives are met.
Inland's aim is to create sustainable communities and homes which set a benchmark for all future developments in the South and South East of England. The Company is always looking for brownfield sites without planning permission for future development.
For further information, please visit the Inland Homes website at: www.inlandhomes.co.uk 
Hugg Homes - www.hugghomes.co.uk 
Rosewood Housing - www.rosewoodhousing.co.uk
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
MSCBLBDGLDGDGBS