Inland Homes in new joint venture with developer Anderson Group

Grant Prior 2 weeks ago
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Brownfield specialist Inland Homes has confirmed plans for a new joint venture with developer Anderson Group in Ipswich.

The latest deal follows a similar JV currently underway in Basildon.

The Ipswich site at Europa Way has a development value of £16m and will see Anderson build 95 houses.

Inland Homes will be in charge of raising funds, sales and marketing.

Inland Homes also confirmed the sale of 146 plots in Birmingham to Crest Nicholson.

Inland Partnerships, the group’s wholly owned subsidiary dedicated to delivering residential units for housing associations and other residential landlords, has entered into a £29.5m contract to build 136 units for Affinity Sutton Housing Association at Abbey Wharf in Brent.

The firm added: “Inland Partnerships currently has construction contracts worth approximately £41.5m and following further planned land sales, expects to secure construction contracts of approximately £25m in the second half of the financial year.”

In a bullish trading update Stephen Wicks, Chief Executive added: “As we head into the New Year, Inland Homes is well placed to achieve further significant growth in 2018, with the in house construction team now well established and beginning to bear fruit.

“We have had an extremely productive period, culminating in a number of profitable land sales and a growing order book for Inland Partnerships, our new business principally dedicated to delivering residential units for housing associations and other residential landlords such as PRS funds or Local Authorities.

“Our housebuilding programme is at a record level, with over 500 homes currently under construction and a healthy pipeline of new development projects in place for the coming months, supporting our positive outlook.”

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