Staines Town Centre Update

RNS Number : 7362Y

Inland Homes PLC

18 January 2022

 

18 January 2022

Inland Homes plc

("Inland Homes", "Group" or "Company")

Staines Town Centre Update

Inland Homes plc, the brownfield developer, housebuilder and regeneration specialist focused on the South and South East of England, today confirms that the appeal lodged against the refusal of Spelthorne Borough Council (the Borough) to grant consent for 206 homes on a brownfield site in Staines town centre has been upheld by the planning inspectorate.

The scheme was originally refused by the Borough on 24 June 2021, despite a planning officer's recommendation for approval.

The Staines scheme is part of Inland Homes' asset management division. This is a high-growth arm of the Group and generates substantial service revenues with significantly reduced investment and capital consumption. The Group secures sites on behalf of investors and uses its extensive land and planning expertise to secure planning approval on their behalf. As 'capital light' activities, these schemes can generate attractive returns.

Stephen Wicks, CEO of Inland Homes, commented:

"This successful appeal decision on a derelict brownfield site in Staines town centre is very pleasing for Inland. The development will include 70 much needed, affordable homes and is exactly the type of scheme where we can make a meaningful contribution to housing delivery in a sustainable way. The management team at Inland continues to maintain their 100% track record in securing planning permissions on brownfield sites over the last 20 years."

Enquiries

Inland Homes plc:	Tel: [phone]
Stephen Wicks, Chief Executive
Nishith Malde, Finance Director
Gary Skinner, Managing Director
Panmure Gordon (UK) Limited	Tel: [phone]
Dominic Morley
Erik Anderson
Instinctif Partners Tim McCall	Tel: [phone]
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.

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  

Rosewood Housing - www.rosewoodhousing.co.uk    

 

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