Inland Homes has completed on two land sales comprising 157 plots for £18m.
The Vale, in Acton, west London, which comprises 1.05 acres, has been sold to a major listed housebuilder. Inland acquired the site from Jewson Ltd in June 2014 and deployed its planning expertise to secure a resolution to grant consent for 95 flats.
Inland has also completed the sale of the 0.6 acre site at the former Ham and Blackbird pub in Farnborough, Hampshire, to a small regional housebuilder.
Stephen Wicks, chief executive of Inland Homes, said: “These two transactions are the latest examples of our ability to identify keen opportunities in areas where there is growing demand for housing, creating significant value by successfully steering them through the planning process, whilst simultaneously generating income through flexible and active asset management. The appetite amongst our housebuilder customers for our well-located consented land means we have been able to undertake these disposals at an attractive margin.”
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