Inland Homes has exchanged unconditional contracts via its joint venture, Cheshunt Lakeside Developments Limited, to sell Phase 1a at its Cheshunt Lakeside project in Hertfordshire, England, to a local housing association, B3Living, for €16.6 million ($19.21 million). In addition, Inland Partnerships entered into a contract with B3Living to construct 195 apartments in this Phase in a deal worth €38.2 million ($44.2 million). Construction will commence in October this year.
Inland Homes has also announced the following transactions:
The completion of the sale of a development site in Staines for €7.3 million ($8.45 million), where Inland has entered into an agreement with the purchaser to manage the planning process and will receive a share of the profits once planning consent is obtained.
The completion of the sale of Burleighfield House in High Wycombe for €1.8 million ($2.08 million).
An unconditional exchange of contracts for the forward sale of
