REG - Inland Homes PLC - Exchange of contracts with Housing Association

Inland HomesAnnouncement

27/03/2023 07:00

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RNS Number : 2093U  Inland Homes PLC  27 March 2023

27 March 2023

Inland Homes plc

 

Exchange of contracts with Housing Association

 

Inland Homes (AIM: INL) ("Inland Homes" or the "Company"), the leading
brownfield developer, housebuilder and partnership housing company with a
focus on the South and South East of England, is pleased to report it has
exchanged conditional contracts to sell 31 affordable homes to Eastlight
Community Homes for £6.54m to be satisfied in cash on completion.

 

The sale forms part of Inland's Templar Green development where planning
permission was obtained for over 70 new homes set within a generous landscaped
setting. Completion will take place in phases over the coming months as the
units are completed.

 

 

Nish Malde, Group Finance Director, commented:

"We are delighted to be working with Eastlight on this exciting project to
deliver much needed high quality affordable homes to the local community."

 

For further information, please contact:

 Inland Homes plc Tel: 44 (0)1494 762450

 Nishith Malde, Chief Financial Officer

 Panmure Gordon (UK) Limited (NOMAD and broker to the Group) Tel: 44 (0)20
7886 2500

 Dominic Morley / James Sinclair-Ford (Corporate Advisory)

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No.
596/2014 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR").

 

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