Timetable for planning hearing

RNS Number : 9359P

Inland Homes PLC

14 February 2019

 

Inland Homes plc (the "Company")

Timetable for planning hearing

Following the announcement made on 24 January 2019, the Company has been informed that, due to matters beyond the Company's control, the planning application for the Cheshunt Lakeside development is now due to be heard in March and not mid-February as previously announced.

The Company continues to expect a resolution to grant approval for this major regeneration of 1,853 dwellings together with 18,000 sqm of commercial space. Further announcements will be made as appropriate.

Separately, the Company is pleased to announce that its site in Meppershall, Bedfordshire, which is part of Inland's extensive strategic landbank, has obtained a resolution to grant consent for 60 homes on a 5.9 acre site. This land is held on a discount to market value option that the Company intends to exercise in due course.

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
FTI Consulting:	Tel: [phone]
Dido Laurimore
Claire Turvey Richard Gotla

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 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

 

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