Inland Homes has ended discussions with one builder over an 88 home land parcel, but exchanged contracts for an 80 bed nursing home, both in Drayton Garden Village.
Inland, which specialises in buying brown field sites and enhances their value by obtaining planning permission before selling consented land onto developers, advises that negotiations with a house builder regarding the sale of an area at Drayton Garden Village with consent for 88 apartments, which was referred to in its most recent interim results announcement, have been ended at Inland’s instigation. The Company is confident that it will secure a purchaser for this land and confirms that it is already in discussions with a number of interested parties.
They say they are “pleased with the progress to date on this site in respect of realisations made to date and value added by installing the infrastructure”. Drayton Garden Village has consent for a total of 773 plots, of which Inland say they have sold 148.
They also say that they have exchanged contracts conditional on detailed planning consent being obtained for an 80 bed nursing home at Drayton Garden Village for £1.8m. The relevant area already has outline planning consent for this use.
See previous coverage.