The Company announces that its Annual Report and Accounts for the year ended 30 June 2016 has been posted to shareholders; the on-line version can be viewed here. To read our reports and presentation please follow this link
Key operational appointment at Inland Homes
Inland Homes plc, a leading brownfield regeneration specialist and housebuilder, has appointed Gary Skinner as a Managing Director of Inland Ltd, its main operating subsidiary, to directly oversee the Company’s construction activities and project delivery.
Gary joins Inland Homes from Willmott Dixon Housing, where he was a Board Director and spent nine years, most recently as Director of Operations overseeing the complete operational delivery of circa 800-1000 units per annum. During his time at Willmott Dixon he was responsible for over £500 million of residential development, including the £83 million development of Tesco in Woolwich, together with 259 apartments; the £75 million Rayners Lane Regeneration, comprising over 600 units; and Bagleys Lane, Chelsea, a £19 million development of 109 units.
Previous to Willmott Dixon, Gary worked at George Wimpey for over seven years, in both the South London and East London divisions, latterly as a Production Director responsible for site delivery. During this time, Gary oversaw an average of 16 sites at any one time, many of which were bespoke.
Stephen Wicks, CEO at Inland Homes commented:
“Gary has a long and established track record of delivering residential developments and will be a key member of our management team as Inland Homes continues on its ambitious growth path over the coming months and years. His experience of delivering large scale housing and regeneration projects, often with complicated and very specific requirements, is an ideal fit with our business model and expansion strategy, which is targeting the delivery of 500 homes per annum in the next phase of its growth strategy.”
Gary Skinner added:
“Inland Homes is at a very exciting stage in its development as a company and has a history of undertaking often complex and very unique housing development projects. I am looking forward to working closely with Stephen Wicks and his team to support the implementation of the Company’s growth plans and strategy.”
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’re working with Southampton City Council as part of the Itchen Riverside VIP project. This illuminating film by the Council features our two prestigious developments, Meridian Waterside and Chapel Riverside. Take a look to find out more.