UK developer Inland, which specialises in buying brownfield sites and enhancing their value by obtaining planning permission, announced a trading update this week ahead of its preliminary results for the year ended 30 June, which will be announced on 1 October. The company said that it was continuing to make good progress in targeting brownfield opportunities in the south and south east of England following it successful AIM listing this April and having raised funds of £50 mln (EUR 74 mln).
UK developer Inland, which specialises in buying brownfield sites and enhancing their value by obtaining planning permission, announced a trading update this week ahead of its preliminary results for the year ended 30 June, which will be announced on 1 October. The company said that it was continuing to make good progress in targeting brownfield opportunities in the south and south east of England following it successful AIM listing this April and having raised funds of £50 mln (EUR 74 mln).
Inland said that since its flotation it has acquired or agreed terms to purchase seven sites representing approximately 152 residential plots and over 2,300 m2 of office accommodation. A planning application for 399 residential units and over 8,800 m2 of commercial space has been submitted on its flagship site in Farnborough, Hampshire. With the UK government committed to increasing house building, Inland are confident that greater emphasis will be placed on urban regeneration and brownfield development. The land bank that Inland currently owns, controls or where offers have been agreed comprises 17 sites representing over 1,000 residential plots with a gross development value of around £250 mln (EUR 370 mln), and commercial space within several schemes totals over 11,100 m2.
