Inland Homes has completed the purchase of a 13-acre regeneration project in Cheshunt, Hertfordshire.
The site, which includes the former headquarters of Tesco, is part of a wider 20-acre area that has recently been earmarked by the council for a new residential development, Cheshunt Lakeside, which will include 1,000 homes.
The company has also agreed a new £27m facility with Secure Trust Bank, secured on 86 former Ministry of Defence houses at its Wilton Park development in Beaconsfield, Buckinghamshire. The facility is for a five-year term and will be used in part to refinance an existing £18.9m facility.
Stephen Wicks, chief executive of Inland Homes, said: “As the ongoing housing shortage remains on the news agenda, Inland Homes is excited to be bringing its expertise and experience to a project that will deliver a significant number of new homes, and importantly with the strong support of the local authority.”
• To send feedback, e-mail amber.rolt@estatesgazette.com or tweet @amberrolt or @estatesgazette
