StockMarketWire.com - Housebuilder Inland Homes said Wednesday it had acquired a development site in Dagenham, East London.

The site had an anticipated gross development value of circa £95m, with existing planning consent for 325 homes and 1,600 sqm of commercial space.

Completion of the purchase of the site was expected in March 2019, with construction of the first units due to commence in the summer, it added.

'The opportunity fits in well with our strategy of providing lower cost homes in areas of high demand. At the same time the proposed joint venture with a major housing association will provide Inland Partnerships with a significant new build contract opportunity, adding to our existing forward order book of nearly £100 million,' said Stephen Wicks, CEO of Inland Homes.

At 10:01am: [LON:INL] Inland Homes PLC share price was -0.7p at 50.5p



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