viewInland Homes PLC

Inland Homes signs £6.5mln contract for London housing development

Under the contract, the AIM-listed firm will start demolishing work in April and complete 31 apartments by July 2022

Inland Homes PLC - Inland Homes signs £6.5mln contract for London housing development
A rendering of Afrex House

Inland Homes PLC (LON:INL) has signed a £6.5mln contract with not-for-profit housing provider Octavia Housing for the development of Afrex House in north-west London.

Under the contract, the AIM-listed firm will start work in April and complete the 31 apartments by July 2022.

The project is part of a £1.2bn investment to revive the Alperton area, in the Borough of Brent, by building over 3,200 new homes.

Inland Homes said it more than tripled the number of homes under construction on behalf of partners in its last 15-month financial period to September.

As at 30 September, the group had 892 private and 921 partnership homes under construction, which boost revenue and provide monthly cash flow.

“This contract, our second with Octavia, is evidence of the sustained demand from industry for these types of schemes - and its confidence in our ability to deliver,” said chief executive Stephen Wicks.

 Shares rose 1% to 92.15p on Friday after the opening bell.

Quick facts: Inland Homes PLC

Price: 82.95 GBX

Market: AIM
Market Cap: £172.18 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



planarTECH looking to raise upwards of £500k to meet 'great deal of demand'...

planarTECH chairman Ray Gibbs speaks to Proactive London's Andrew Scott ahead of a crowdfunding campaign on Seedrs to raise around £500k as it looks to expand its current business and meet the demand it's experiencing for its graphene systems. The company was formed in 2014 and makes the...

1 hour, 26 minutes ago

2 min read