Inland Homes signs Homes England development agreement

April 14, 2020
<p><span>Inland Homes has entered into a development agreement with Homes England, it announced today (April 14).</span><span></span></p> <p><span><span>The agreement with the government body consists of the delivery of </span><span>more than </span><span>600 homes, employment and community facilities which Homes England currently owns and a site for a new school in Basildon. The 54 acre site will have a gross development value of around £200 million.</span></span><span></span></p> <p><span><span>Once a viable planning consent has been secured, Inland</span></span><span> - a brownfield developer, housebuilder and partnership housing company - </span><span>will acquire land on a phased basis from Homes England. Upon signing the agreement, Inland has paid an initial consideration of £100,000 on condition of obtaining planning consent for the scheme, which already has a draft planning allocation for development.</span></p> <p><span><span>In a separate joint venture, Inland has built and sold 43 homes on a neighbouring project, with phase two almost complete. This comprises 33 homes – 85% are currently sold.</span></span><span></span></p> <p><span><span>Chief executive Stephen Wicks said: “This is an example of the tenacity of the Inland team in structuring complex transactions and delivering housing supply. The project involves the re-location of a number of sporting facilities to new locations within Basildon as well as major infrastructure works.</span></span><span></span></p> <p><span><span>“We look …

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