The specialist brownfield developer is in talks with Defence Infrastructure Organisation chiefs to buy the 36.7 acre Cavalry Barracks in Hounslow West London.

Completion of the deal is subject to vacant possession and anticipated to be in August 2021.

Inland Homes expects to make a planning application for a residentially led mixed-use scheme of over 1,000 homes within the next six months.

The Group will manage the planning and development process on behalf of the equity investors on this project and will be entitled to receive a significant share of the development profit from the £600m development.

The site currently operates as an occupational military barracks and is the home of the Irish Guards who are relocating to Aldershot.

The site is a historically important military establishment with a formal parade ground, specifically built to house soldiers and stable horses.

The Barracks comprises over 37 acres of land and includes 14 Grade II listed buildings and 19 locally listed buildings together with over 439 existing residential accommodation units.

The entire site is allocated for a major mixed-use development via a development brief adopted by the London Borough of Hounslow.

Inland chief executive Stephen Wicks said: “This is our fifth MOD transaction and the largest to date.  We have an excellent track record in the early delivery of homes on sites such as this, a significant proportion of which will be affordable, which is particularly important in London Boroughs like Hounslow.”

Barney Hillsdon, Principal at Avison Young who acted on behalf of the DIO added: “This is a fantastic result for both the DIO and Inland during a very difficult time in the market.

“The site will deliver much needed private and affordable homes for London and will offer a diverse range of product to the market due to the retained heritage buildings on the site”.