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Inland acquiring JV partner's stake in £120M development in Middlesex, UK

Inland Homes PLC exchanged contracts to acquire its joint venture partner's 80% interest in a development site that has an estimated gross development value of £120 million.

Following the acquisition, which is slated to complete March 29, brownfield regeneration specialist and housebuilder Inland Homes will fully own Brooklands Helix Developments Ltd.

The development is on the site of the former Brooklands College in the town center of Ashford in Middlesex, U.K. The 10-acre site has planning approval in place for 357 homes and 619 square meters of flexible commercial space. Preliminary works including demolition and clearance have commenced.