Market Leads & Opportunities
Local authority acquires last phase of Inland Homes development
Inland Homes, a listed brownfield developer, housebuilder and regeneration specialist focused on the South and South East of England, has agreed to sell the final phase of its Carters Quay development in Poole to Bournemouth, Christchurch and Poole (BCP) Council.The Carters Quay development is located on the former Pilkington Tile Factory. Inland Homes worked with the local council on a long-term basis to regenerate an old unused industrial site to create new homes and commercial space. To date, Inland Homes has completed three phases of the development, which have provided 165 homes.The last phase of the development will provide 161 new homes and 8,000 sq ft of commercial space. Inland Homes has received a deposit, together with an advance payment of £8.25m, which will provide a further reduction in its borrowings.The contract is for a total consideration of £43.5m over the next 36 months or so, with monthly stage payments being made to Inland Homes as the project progresses.Inland Partnerships will construct the new homes on BCP’s behalf and transfer the land and buildings and recognise the income from this phase when the project is complete. The site is ready for construction and piling works are set to commence in April 2022. Build completion is anticipated by the end of 2024.
More Market Leads
- Avant Homes earmarks Burbage site for £20m scheme
1 May 24
Avant Homes East Midlands has filed proposals for the £20m development of more than 80 homes in the village of Burbage, near Hinckley. - Private apartments granted planning approval in Linlithgow
1 May 24
Located on Edinburgh Road, the two-bedroom properties will be marketed by the Glasgow-based developer, CCG Homes, and will form part of a new mixed-use development that will also include a 60-bedroom, private care home led by Morrison Community Care Group and CCG Homes parent company, CCG (Scotland). - Plans submitted for latest Waverley homes
1 May 24
Plans have been lodged for the latest phase of housing at the Waverley development in South Yorkshire.