Inland Homes Sells Wilton Park Land for GBP 19.1m.

MANews-(C)2009-2022

UK-based brownfield developer, housebuilder and regeneration specialist Inland Homes plc (LSE: INL), focused on the South and South East of England, has closed the conditional sale of part of Wilton Park, Beaconsfield to a major care home and retirement living operator, Beechcroft Developments, for a total consideration of GBP 19.1m (USD 24.02m), the firm said.

The sale is conditional on planning permission being achieved and both parties will work closely over the coming months to submit a planning application.

The 100-acre flagship site already benefits from planning approval for 304 new homes together with 46 retained homes, for which the group achieved outline planning consent in 2019.

The group has subsequently achieved reserved matters approval for the first two phases within the site and sold 184 plots to private housebuilder, Bewley Homes.

The group retains ownership of the remaining 120 plots with outline planning approval. The...

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