REG - Inland Homes PLC - Planning Consent

Inland HomesAnnouncement

22/05/2023 07:00

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RNS Number : 1096A  Inland Homes PLC  22 May 2023

22 May 2023

 

Inland Homes plc

('Inland Homes' or the 'Group')

 

Planning Consent for 1,525 homes at Cavalry Barracks, Hounslow

 

Inland Homes plc (AIM: INL), the brownfield developer, housebuilder and
partnership housing company with a focus on the South and South East of
England, is delighted to announce that planning consent has been granted for a
mixed-use development comprising 1,525 homes and approximately 2,700sqm of
commercial space at Cavalry Barracks in West Hounslow.

 

The Cavalry Barracks project sits within the Group's asset management
division. Projects within this division are managed on behalf of an external
investor or investors, with fees accruing to the Group at set project
milestones in return for its land and planning expertise and management of the
project.

 

Located in an area of ongoing regeneration with high housing demand, this
historical and strategically important site is one of the largest remaining
brownfield sites in London at 36.7 acres. It also benefits from exceptional
transport links to both central London and Heathrow airport.

 

The Cavalry Barracks is a unique opportunity in London to deliver much needed
homes, 35% of which will be affordable homes to meet a range of needs.  As
part of approved plans 14 Grade II listed and 9 locally listed buildings will
be retained and brought back to life, and 10.6 acres of open space provided,
along with contributions to make significant improvements to Beaversfield Park
and Hounslow West station.

 

With the consent granted, the Group is now supporting the external investors
on the disposal strategy and delivery options for the site.

 

Nish Malde, Interim Chief Executive Officer at Inland Homes, commented:

"Cavalry Barracks, Hounslow is an exceptional site and we have worked closely
with the London Borough of Hounslow to agree the terms of the Section 106
agreement and achieve this significant planning consent.

For a site of this historical significance and scale, this clearly
demonstrates Inland Homes' success in working collaboratively with local
Councils to secure planning consent on complex brownfield sites.

"With the consent granted, we look forward to supporting the external
investors behind this impressive development and in that delivering
regeneration and prosperity for Hounslow."

 

Enquiries

Inland Homes
plc:
Tel: 44 (0)1494 762450

Nishith Malde, Interim Chief Executive Officer

 

Panmure Gordon (UK)
Limited
Tel: 44 (0)20 7886 2500

Dominic Morley / James Sinclair-Ford (Corporate Advisory)

Tom Scrivens (Corporate Broking)

 

The information contained in this Announcement is deemed by the Group to
constitute inside information as stipulated under the Market Abuse Regulations
(Regulation 596/2014), as it forms part of 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 or manages 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 Group 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 Group is always looking for brownfield sites without planning permission
for future development.

Environmental, Social and Governance credentials

Inland Homes is committed to ensuring its land, housebuilding and partnership
housing activities leave a positive lasting legacy. As specialists in
brownfield site regeneration the Group already has a proud history of adding
lasting value through its expertise and experience in site remediation, which
allows derelict and near derelict land to be regenerated and used for the
construction of new homes.

Inland Homes takes its position as an industry leader extremely seriously and
has developed its Environmental, Social and Governance (ESG) framework against
the broader backdrop of an escalating global climate issue. The Group's ESG
framework, which has been aligned to four of the UN Sustainable Development
Goals, sets out our high-level commitments. Using this framework, we are now
focused on developing a full ESG strategy. The strategy will identify clear
goals and metrics to enable us to measure and report on our performance and
success in this space.

For further information, please visit the Inland Homes website at:
www.inlandhomesplc.com

Hugg Homes - www.hugghomes.co.uk (http://www.hugghomes.co.uk)

Rosewood Housing - www.rosewoodhousing.co.uk
(http://www.rosewoodhousing.co.uk)

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