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Inland Homes reopens sales offices and two housing partnership sites

The brownfield developer said it was continuing to field approaches from small and medium sized housebuilders for the purchase of sites, with larger builders not in the market for land at present

Inland Homes PLC -

Inland Homes PLC (LON:INL) said it will reopen its sales and marketing offices from Friday after construction restarted last month.

Building work has been taking “where it makes commercial sense in the build progress to do so”, including two cash-generative partnership housing sites for registered providers, while three sites under construction remain closed.

The brownfield developer said it was continuing to field approaches from small and medium sized housebuilders for the purchase of sites with planning consent, having said last month that it didn’t feel UK’s larger quoted housebuilders are in the market to purchase land at present. 

Inland said it has also been approached by housing associations and build-to-rent funds for bulk purchases of apartments under construction. 

Chief executive Stephen Wicks said the group was putting in place new working practices and safety protocols to meet the government's Covid-19 secure principles.

“Our sites are located in areas of high demand and acute housing shortages. We are therefore confident that we will see sustained demand for the high-quality houses and apartments we build,” he said.

The shares were little moved at 47.5p on Monday morning.

Quick facts: Inland Homes PLC

Price: 49.5 GBX

AIM:INL
Market: AIM
Market Cap: £113.03 m
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