Inland Homes in new joint venture with developer Anderson Group

Grant Prior 11 months ago
Share

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.”

Latest news

Argent gets go-ahead for major Tottenham Hale revamp

Contractor hunt to start soon with construction set to start next summer
13 hours ago

£2bn Elephant & Castle shopping centre scheme final go-ahead

Demolition to start after London mayor nods through vast scheme
16 hours ago

Drylining boss banned for tax dodging

Insolvency Service investigators uncover huge CIS and VAT payment discrepancies
12 hours ago

Modular building specialist goes into administration

Timber accommodation pod maker Carbon Dynamic runs out of cash on major contract
16 hours ago

Structural engineer crushed under scaffold tubes

Housing giant and scaffold contractor fined a total of £180,000
16 hours ago

Consultant MHBC merges with Cumming

City of London based firm now part of global giant
15 hours ago

Crossrail delayed again as costs rise by another £2bn

Mayor attacks previous management team who insisted project was "on time and on budget"
1 day ago

Top housing association hires Lendlease resi chief

Richard Cook will lead Clarion Group's ambitious development plans
1 day ago

UK’s tallest Premier Inn plan in Docklands

Premier Inn books in at 30-storey mixed resi and hotel scheme
16 hours ago

Kier wins £45m Cambridge schools campus phase one

Northstowe education campus includes a new 1,800 pupil secondary
16 hours ago

Ian Lawson to advise McLaren on growth plans

Former Severfield and Kier boss becomes consultant at expanding contractor
2 days ago

Boost your online presence – join the Enquirer Directory

New site for suppliers and buyers showcases products, services and latest stories
7 months ago

Interserve shares collapse as rescue talks continue

Shares slump to all-time low as firm now worth under £13m
2 days ago

Forrest falls into administration

Construction and housing divisions to cease trading while Engie buys refurb and energy contracts
4 days ago

Wates chief draws up first best behaviour code for private firms

Wates Principles to raise corporate governance standards at private firms
2 days ago

Plan for Bristol Finzels Reach £140m phase 2

Former Avon Fire and Rescue HQ to be transformed with 300 homes and offices
2 days ago

Labour calls for public contract bidding ban on Interserve

Shadow minister demands action to protect taxpayers
2 days ago

£750m East of England framework out for rebid

Construction work to be broken into four project value bands
2 days ago

Lakehouse staff let go as subcontractors quit sites

Workers made redundant and suppliers leaving sites just months after sale
5 days ago

Kier scores November contracts league double

£300m London luxury flats project extends Kier's lead at top of annualised league
5 days ago

Green light for £300m Norwich mixed used scheme

Weston Homes to build 1.2m sq ft scheme creating a "Covent Garden" style urban quarter
5 days ago

Former Kier boss joins McCarthy & Stone

Nigel Turner to lead drive to reduce construction costs
5 days ago

Vermont replaces Forrest on £100m Liverpool site

Elliot Group moves quickly to secure new main contractor as existing site team taken on
5 days ago

Bristol contractor goes into administration

Majority of 50-strong workforce at Helm Construction made redundant
6 days ago

Kier drops out of FTSE 250 as share price dives

Shares trade below discounted rights issue price
6 days ago

Betting Spy: No Arnie no problem for West Ham

West Ham and Man City to land 3/1 double
5 days ago

36-hour Hinkley Point concrete pour releases £70m

BYLOR achieves key concrete raft milestone in 2,500 cu m pour
6 days ago

Murphy major projects chief joins Galliford Try

Sean Blackmore to lead expansion in the rail market
6 days ago

Multiplex Europe MD shifts to non-exec role

Ross Ballingall moves on after eight years heading construction business
6 days ago

MPs demand end to late payment and retentions reform

Hard-hitting select committee report demands end to cash "stranglehold" imposed by big firms
6 days ago

Contractor services