Inland Homes has entered into a joint venture with Anderson Group to develop 43 homes on a three-acre site at Gardiners Close, Basildon, Essex. It is the first phase of a site that has the potential for 800 homes.
The site was sourced by Anderson Group, which is already working on three existing sites with Inland Homes in Essex.
This is the first phase of the larger development at the Gardiners Lane regeneration area, where there is scope for the development of circa 800 homes. Inland Homes has submitted a planning application for a further 89 plots and controls several properties across the wider land area.
Both parties have contributed an initial £1.4m in equity to the project, which has an estimated GDV of £13m.
Anderson, via its Constable Homes subsidiary, will be carrying out the construction of the homes, with Inland Homes responsible for the sales and marketing of the units.
• To send feedback, e-mail alex.peace@estatesgazette.com or tweet @EGAlexPeace or @estatesgazette
