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The Company announces that its Annual Report and Accounts for the year ended 30 June 2014 has been posted to shareholders; a copy can be found here and the on-line version can be viewed here. To read our reports and presentation please follow this link
Inland Homes is pleased to announce that it has entered into a joint venture agreement with Christian Candy's CPC Group Ltd ("CPC") to jointly fund the acquisition of brownfield sites with the potential for residential or mixed-use development (the "Joint Venture") across the South-East of England.
Under the terms of the Joint Venture, CPC will contribute 80%, and Inland Homes 20%, of capital to acquire suitable brownfield sites over an initial investment period of three years with the intention of obtaining planning permission and selling the sites to the open market. Both CPC and Inland Homes have entered into an exclusive agreement to pool their origination efforts towards the sourcing of sites that meet the Joint Venture's investment criteria. Inland Homes will act as Operator to the Joint Venture, which will be jointly managed by CPC and Inland Homes.
New Amsterdam Capital Management Limited acted as the Adviser to Inland Homes on this transaction.
Stephen Wicks, CEO of Inland Homes, commented: "Inland Homes is very pleased to be working with a group with excellent experience in land development within central London. The joint venture provides further funding for Inland Homes and enables us to pursue a significantly greater number of opportunities to apply our strong experience in obtaining planning permissions for residentially-led schemes on brownfield sites within the South East of England to fulfil the great shortage in housing."
We were delighted to welcome Prime Minister David Cameron to our pioneering Carter's Quay development in Poole on 15th December.
Mr Cameron visited the Blandford Road scheme to announce a consultation for the Government's proposed "starter homes" scheme in which first time buyers under 40 will be able to purchase new homes at up to a 20% discount.
Paul Brett, Land Director at Inland Homes, commented: "We were thrilled to welcome the Prime Minister to Carter's Quay. He was fully engaged in what Carter's Quay has to offer. Inland Homes is fully supportive of the Government's focus on providing first-time buyers a chance to get on the property ladder as proven by the success we are experiencing with the exisitng Help to Buy scheme offered at Carter's Quay".
Carter's Quay is a collection of 1 and 2 bedroom apartments and 2, 3 and 4 bedroom houses overlooking the Twin Sails bridge.
Just 5 homes remain on our first phase which is attracting everyone from first-time buyers and investors to young familes and downsizers. Occupancy has already taken place with more home buyers moving in throughout the new year.
A show apartment and show house are available to view on site.
