Housebuilder sees half year results improve

Inland homes wilton park

Aim-listed developer Inland Homes has submitted an outline planning application at Cheshunt Lakeside in Broxbourne, Hertfordshire, for up to 1,853 homes.

Describing the project as the company鈥檚 largest to date, Inland Homes chief executive Steve Wicks said the 30-acre site would also feature in excess of 18,000m虏 of commercial, retail, community, leisure and education facilities.

鈥淭his is a major milestone for Inland Homes, at what will be one of the South East鈥檚 major regeneration schemes,鈥� he added.

Inland Homes bought the original 13-acre site, which included Tesco supermarket鈥檚 former headquarters, two years ago as part of a 50/50 joint venture with an unnamed partner and the housebuilder has since bought additional plots.

The firm has designed and masterplanned the site, and the outline application includes a primary school, community space and a number of infrastructure improvements. It is expected to provide up to 1,000 jobs on the completed site and a further 250 construction jobs.

Last year Inland Homes submitted a plan for a 拢350m mixed-use scheme in Buckinghamshire (pictured).

The firm has also announced an 8% hike in half year pre-tax profit to 拢5.4m. The group sold 338 building plots in the six months to 31 December, helping to boost turnover by 88% to 拢61.2m.

The government鈥檚 Help To Buy scheme was used by 61% of Inland Homes鈥� customers, it added.